Demonetisation

Eight district central cooperative banks in Maharashtra are storing Rs 101.2 crore in demonetised currency, struggling with its safekeeping after the Reserve Bank of India refused to accept it due to late deposits. The Kolhapur DCC bank holds the highest amount, followed by the Pune DCC bank.

Justice Bhushan Ramkrishna Gavai is set to become the 52nd Chief Justice of India on May 14, marking a historic moment as only the second Dalit to hold the position. Recommended by outgoing CJI Sanjiv Khanna, Justice Gavai's tenure, though brief, carries significant weight.

Indian banknotes showcase the nation's rich history by featuring UNESCO World Heritage sites. These sites, including the Red Fort, Sanchi Stupa, Rani ki Vav, Hampi's Stone Chariot, Ellora Caves, and the Sun Temple, represent India's architectural, religious, and cultural diversity. Each banknote serves as a reminder of India's glorious past and commitment to preserving its heritage.

YouTube has demonetised channels like Screen Culture and KH Studio Trailers that post AI-generated fake movie trailers. This move aims to curb misleading content monetisation. Despite their creative goals, these channels are now barred from earning ad revenue and face uncertain appeal outcomes.

Nandan Nilekani believes India is making significant strides in AI, emphasizing the need to scale national initiatives rather than focusing solely on developing large AI models. He cautioned that integrating AI into everyday systems requires substantial effort and workflow reengineering.

Eight banks have notes worth Rs 101.2 crore just rotting away. The man who watched Money Heist on loop 15 times, not just because he liked it, but because he had bigger plans. And the high-flying train thief who flew to Kolkata for rosgullas, Goa for scotch – three stories on India Uncovered

An exhibition featuring French banknotes will be held at the National Gallery of Modern Art in Mumbai from April 3 to April 24. Curated by Rukmini Dahanukar, the display includes prints from her collection, showcasing the artistic and cultural narratives within French francs, which were demonetized in 2002. The exhibition highlights the fusion of art and currency.

Tamil Nadu's CM M K Stalin criticizes RBI's decision to charge up to Rs 23 for ATM withdrawals exceeding monthly limits. He claims that this policy will harm economically disadvantaged individuals, including MNREGA workers and beneficiaries of the state's KMUT scheme, labeling it as 'institutionalised extraction'.

China vs US trade war will be joined by others. Expect some combination of slowing growth, higher prices, lower employment worldwide, including in US

Tamil Nadu Chief Minister MK Stalin criticizes RBI's decision to allow banks to increase ATM withdrawal charges beyond the free monthly limits, calling it 'institutionalised extraction' affecting financial inclusion. He claims the move will burden the poor, particularly MGNREGA beneficiaries, undermining their access to banking services and essential government schemes.

Mumbai’s prime real estate remains India’s costliest, with US$1 million buying just 1,065 sq ft, a 3% decline in a decade. Meanwhile, Delhi and Bengaluru have become more affordable, offering 11% and 9% more space, respectively, over the same period, according to a new report.

Former RBI governor Shaktikanta Das has been appointed as principal secretary-2 to Prime Minister Narendra Modi, a newly created post. His appointment is co-terminus with the PM's term and reflects his success during Demonetisation and the COVID-19 lockdown.

The Enforcement Directorate has begun recovering black money deposited during Demonetisation, returning Rs 79 crore seized from Musaddilal Jewellers to SBI. The jeweller had deposited over Rs 111 crore in demonetised currency, later purchasing bullion and accruing unpaid loans exceeding Rs 120 crore.