By the end of March 2022, only 2,140 million pieces of Rs 2,000 denomination currency notes were in circulation, or 13.8 per cent of the total value of notes.
Posts tagged Rediff
Bombay To Goa Highway Coming In December (31-03-2023)
‘The Mumbai-Goa highway touches 66 tourism spots in Maharashtra’s Konkan. It will give development a high boost. It will also ensure quick transportation of fruits and other produce the region is famous for.’
Adani Lost Rs 3,000 Crore A Week In 2023 (31-03-2023)
The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public.
Banks Fallout: Time For RBI To Be Alert (31-03-2023)
The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan.
Unacademy to lay off 12% employees (30-03-2023)
Edtech firm Uncademy will lay off 12 per cent or about 350 employees amid a funding crunch as it strives to make the core business profitable, a top company official said. In an internal note, Unacademy co-founder and CEO Gaurav Munjal mentioned that a decision has been taken to meet the goals in the current distressed global economic situation when funding is scarce. “We have taken every step in the right direction to make our core business profitable, yet it’s not enough.
Air India revamps policies for women staff (30-03-2023)
Air India will provide 26 weeks of maternity leave to women employees as well as daycare support under its revamped policies. Besides, the airline will give women pilots the choice to opt for quicker turnaround flights till the child reaches the age of one year. The option will be subject to request and availability, according to an internal communication.
New Foreign Trade Policy 2023-28 to be unveiled on Fri (30-03-2023)
India will unveil its much-awaited new Foreign Trade Policy 2023-28 on Friday, with a view to boost exports amid slowing global trade. Commerce and Industry Minister Piyush Goyal will announce the foreign trade policy, according to the ministry. The current foreign trade policy (2015-20) is in force till March 31, 2022.
3.3 cr plates of Idli on were ordered on Swiggy (30-03-2023)
The company also shared that a single user from Hyderabad spent a whopping Rs 6 lakh on Idlis in the last 12 months. The analysis by Swiggy covers the period from March 30, 2022, to March 25, 2023, and provides interesting insights into the popularity of this South Indian delicacy.
‘Current savings, investments can’t propel GDP to 8%’ (30-03-2023)
Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively, in FY22, according to a report. As per India Ratings, a large part of investments will have to be in infrastructure, which can help revive private investments by easing supply constraints and offset the weakening of external demand due to global headwinds. Higher investments will have to be accompanied by higher domestic savings to keep the savings-investments gap under check.
Ajay Banga set to become World Bank chief unopposed (30-03-2023)
Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is “well equipped” to lead the global institution at “this critical moment in history.” The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.