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2016 Indian Banknote Demonetisation
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. Prime Minister Narendra Modi said that this decision would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy. People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash. According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolkata
Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary financial and commercial centre of eastern and northeastern India. Kolkata is the seventh most populous city in India with an estimated city proper population of 4.5 million (0.45 crore) while its metropolitan region Kolkata Metropolitan Area is the third most populous metropolitan region of India with a metro population of over 15 million (1.5 crore). Kolkata is regarded by many sources as the cultural capital of India and a historically and culturally significant city in the historic region of Bengal.————— The three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty. After the Nawab granted the East India Company a trading license in 1690, the area was developed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NIFTY 50
The NIFTY 50 is an Indian stock market index that represents the Capitalization-weighted index#Free-float weighting, float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange of India, National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1000 as its base value. The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and exchange-traded fund, ETFs), and Derivative (finance), futures and options at National Stock Exchange of India, NSE and NSE International Exchange (through GIFT Nifty). In 2016, NIFTY 50 was reported by the World Federation of Exchanges, WFE and Futures Industry Association, FIA as the world's most actively traded index Option (finance), options contract, but it was later overtaken by Nifty Bank. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dainik Jagran
''Dainik Jagran'' () is an Indian Hindi-language daily newspaper. In terms of circulation, it was ranked 5th in the world in 2016 and 1st in India in 2022. In 2019 Quarter 4, according to Indian Readership Survey, Dainik Jagran reported a total readership of 68.6 million and was the top publication. It is owned by Jagran Prakashan Limited, a publishing house listed on the Bombay Stock Exchange and the National Stock Exchange of India. History Origins ''Dainik Jagran'' was established in Jhansi, a district town in United Provinces (later renamed Uttar Pradesh), by Puranchand Gupta and first published in 1942. Prior to this, Gupta had worked as the managing editor of a local magazine since 1939 and would frequently visit Bombay to secure advertisements to publish in the magazine, which gave him the required connections and confidence to start a daily newspaper. However, soon after its establishment, the newspaper suspended its publication during the Quit India Movement. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hindi
Modern Standard Hindi (, ), commonly referred to as Hindi, is the Standard language, standardised variety of the Hindustani language written in the Devanagari script. It is an official language of India, official language of the Government of India, alongside English language, English, and is the ''lingua franca'' of North India. Hindi is considered a Sanskritisation (linguistics), Sanskritised Register (sociolinguistics), register of Hindustani. Hindustani itself developed from Old Hindi and was spoken in Delhi and neighbouring areas. It incorporated a significant number of Persian language, Persian loanwords. Hindi is an Languages with official status in India, official language in twelve states (Bihar, Gujarat , Mizoram , Maharashtra ,Chhattisgarh, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Rajasthan, Uttar Pradesh, Uttarakhand), and six Union territory, union territories (Andaman and Nicobar Islands, Delhi, Chandigarh, Dadra and Nagar Haveli and Daman and Di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the List of largest employers in India, tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 50 crore customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Systemically important financial institution, Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the List of largest banks, 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500, ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in Forbes Global 2000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benami Transactions (Prohibition) Act, 1988
Benami Transactions (Prohibition) Act, 1988 (name changed to Prohibition of Benami Property Transactions Act, 1988 by section 3 of the 2016 amendment) is an Act of the Parliament of India that prohibits certain types of financial transactions. The act defines a 'benami' transaction as any transaction in which property is transferred to one person for consideration paid by another person. Such transactions were a feature of the Indian economy, usually relating to the purchase of property (real estate), and were thought to contribute to the Indian black money problem. The act bans all benami transactions and gives the government the right to recover property held benami without paying any compensation. The act came into force on 5 September 1988. Although benami transactions are now illegal, the act had limited success in curbing them. Updated versions were therefore passed in 2011 and 2016, seeking to more comprehensively enforce the prohibitions. Etymology Benami is a Bengal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Board Of Direct Taxes
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963. The counterpart for indirect tax An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of ...es is the Central Board of Indirect Taxes and Customs (CBIC). CBDT is currently headed by Ravi Agarwal, the Chairperson of the Central Board of Direct Taxes. History The Central Board of Revenue, the apex body of the Department entrusted with the administration of taxes, was established under the Central Board of Revenue Act, 1924. It was initially responsible for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterfeit Money
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal in all jurisdictions of the world. The business of counterfeiting money is nearly as old as money itself: plated copies (known as Fourrées) have been found of Lydian coins, which are thought to be among the first Western coins. Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. During World War II, the Nazis forged British pounds and American dollars. Today, some of the finest counterfeit banknotes are called '' Superdollars'' because of their high quality and imitation of the real US dollar. There has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Janata Party
The Janata Party (JP, ) is an unrecognised political party in India. Navneet Chaturvedi is the current president of the party since November 2021, replacing Jaiprakash Bandhu. The JP was established as an amalgam of Indian political parties opposed to The Emergency (India), the Emergency that was imposed between 1975 and 1977 by Prime Minister Indira Gandhi of the Indian National Congress (R). They included the conservative Indian National Congress (Organisation), the hindu-nationalist Bharatiya Jana Sangh, the liberal to social-democratic Bharatiya Lok Dal (formed in 1974 by the merger of the conservative-liberal Swatantra Party, the conservative Bharatiya Kranti Dal, the Samyukta Socialist Party and the Utkal Congress) and the Socialist Party (India), Socialist Party, as well as later defectors from the Indian National Congress. Raj Narain, a Socialist, had filed a legal writ alleging electoral malpractice against Indira Gandhi in 1971. On 12 June 1975, Allahabad High Cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. Owned by The Times Group, ''The Economic Times'' began publication in 1961 and it is sold in all major cities in India. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a daily readership of over 800,000. According to the Audit Bureau of Circulations (India), Audit Bureau of Circulations, the newspaper's Print circulation, circulation averaged 269,882 copies during the latter half of 2022. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Economy of India, Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is Publishing, published by Bennett Coleman & Co. Ltd, Bennett, Cole ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932 by P. Varadarajulu Naidu. It is headquartered in Noida, owned by the ''Indian Express Group''. It was later taken over by Ramnath Goenka. In 1999, eight years after Goenka's death in 1991, the group was split between the family members. The southern editions took the name '' The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''The'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his Tamil Nadu press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of '' The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil edition, '' Dinamani''. Sadanand introduced several innovations and reduced t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
