Cash Ban
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Opinion: Electoral Bonds Ban Will Do Little When Cash Is King
Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.
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"Shocking, Shameful": Minister On Mahua Moitra "Cash-For-Query" Row
Union minister Rajeev Chandrasekhar today weighed in on the alleged "cash for questions" controversy involving Trinamool Congress MP Mahua Moitra, citing a question she asked about reports of a government ban on 54 apps.
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Medical Body's New Rules Ban Doctors From Getting Gifts From Pharma Firms
Doctors and their families must not receive any gifts, travel facilities, hospitality, cash or access to recreation from pharma companies or their representatives, commercial healthcare establishments and medical device firms under any pretext.
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Wanted Khalistani Terrorist Carrying Rs 10 Lakh Reward Shot Dead In Canada
Hardeep Singh Nijjar, the chief of banned Khalistan Tiger Force (KTF) and one of India's most-wanted terrorists who carried a cash reward of Rs 10 lakh on his head, was shot dead outside a gurdwara in Canada, officials here said on Monday.
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After RBI Withdraws Rs 2,000 Notes, Zomato Says "72 Percent Customers" Paid In Cash
Zomato revealed that 72 per cent of the 'cash on delivery orders' were paid in Rs 2,000 notes after the RBI announcement.
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Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
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US Treasury Offers a Way for Users to Recover Funds From Crypto Mixer Tornado Cash
Over a month after placing the Ethereum coin-mixing tool Tornado Cash under sanctions, the US Treasury Department has now announced a way for Tornado Cash users to recover their funds.
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US Treasury Department Levies Sanctions Against Crypto Mixer Tornado Cash for Being Used to Launder Money
The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455 million (roughly Rs. 3,618 crore) for the Lazarus Group, a hacking organisation associated with the North Korean government.
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Battlegrounds Mobile India Hits 100 Million Registered Users in India, 1 Year After Official Launch: Krafton
Battlegrounds Mobile India (BGMI) has hit the 100-million-registered users milestone in India, Krafton announced on Thursday. BGMI is the Indian avatar of PUBG Mobile which was banned in the country in September 2020. The company is planning to conduct four pro and semi-pro tournaments featuring cash prizes of Rs. 6 crores in the country this year.
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RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
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Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
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Bitcoin Tumbles Below $39,000 After China Issues Warning
Trading in cryptocurrencies has been banned in China since 2019 to prevent money laundering as leaders try to stop people from shifting cash overseas.
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Notes Ban Was Greatly Beneficial, Says PM Modi On 4th Anniversary
Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.
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Facebook Starts Testing TikTok-Style ‘Short Videos’ Feature to Cash in on Chinese Apps Ban
The new Facebook feature is very similar to TikTok’s style of video format including the swipe-up scroll for next video. We were able to spot this feature in our Facebook app and it seems to be available for Indian users largely. However, it may not be available for all users in India and Facebook may just be testing it with a subset of users, be...
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Virus Gives Online Payments Fresh Boost 4 Years After Cash Ban
The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.
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Opinion: Electoral Bonds Ban Will Do Little When Cash Is King
Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.
-
"Shocking, Shameful": Minister On Mahua Moitra "Cash-For-Query" Row
Union minister Rajeev Chandrasekhar today weighed in on the alleged "cash for questions" controversy involving Trinamool Congress MP Mahua Moitra, citing a question she asked about reports of a government ban on 54 apps.
-
Medical Body's New Rules Ban Doctors From Getting Gifts From Pharma Firms
Doctors and their families must not receive any gifts, travel facilities, hospitality, cash or access to recreation from pharma companies or their representatives, commercial healthcare establishments and medical device firms under any pretext.
-
Wanted Khalistani Terrorist Carrying Rs 10 Lakh Reward Shot Dead In Canada
Hardeep Singh Nijjar, the chief of banned Khalistan Tiger Force (KTF) and one of India's most-wanted terrorists who carried a cash reward of Rs 10 lakh on his head, was shot dead outside a gurdwara in Canada, officials here said on Monday.
-
After RBI Withdraws Rs 2,000 Notes, Zomato Says "72 Percent Customers" Paid In Cash
Zomato revealed that 72 per cent of the 'cash on delivery orders' were paid in Rs 2,000 notes after the RBI announcement.
-
Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
-
US Treasury Offers a Way for Users to Recover Funds From Crypto Mixer Tornado Cash
Over a month after placing the Ethereum coin-mixing tool Tornado Cash under sanctions, the US Treasury Department has now announced a way for Tornado Cash users to recover their funds.
-
US Treasury Department Levies Sanctions Against Crypto Mixer Tornado Cash for Being Used to Launder Money
The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455 million (roughly Rs. 3,618 crore) for the Lazarus Group, a hacking organisation associated with the North Korean government.
-
Battlegrounds Mobile India Hits 100 Million Registered Users in India, 1 Year After Official Launch: Krafton
Battlegrounds Mobile India (BGMI) has hit the 100-million-registered users milestone in India, Krafton announced on Thursday. BGMI is the Indian avatar of PUBG Mobile which was banned in the country in September 2020. The company is planning to conduct four pro and semi-pro tournaments featuring cash prizes of Rs. 6 crores in the country this year.
-
RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
-
Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
-
Bitcoin Tumbles Below $39,000 After China Issues Warning
Trading in cryptocurrencies has been banned in China since 2019 to prevent money laundering as leaders try to stop people from shifting cash overseas.
-
Notes Ban Was Greatly Beneficial, Says PM Modi On 4th Anniversary
Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.
-
Facebook Starts Testing TikTok-Style ‘Short Videos’ Feature to Cash in on Chinese Apps Ban
The new Facebook feature is very similar to TikTok’s style of video format including the swipe-up scroll for next video. We were able to spot this feature in our Facebook app and it seems to be available for Indian users largely. However, it may not be available for all users in India and Facebook may just be testing it with a subset of users, be...
-
Virus Gives Online Payments Fresh Boost 4 Years After Cash Ban
The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.
