TOPIC
Currency
Fact Check: Is “Raam” with the photo of Lord Ram printed on it is the world’s most expensive currency
As Raam is not a legal tender issued by a sovereign state or a central bank, it is not a regular currency, it is actually a bearer bond
TV channel claims Modi govt is going to rain money from the sky, netizens outrage, clarification issued by PIB
Helicopter Money is an alternative to quantitative easing. This is an unconventional monetary policy tool aimed at bringing a slowing economy back on track. It involves printing large sums of money and distributing it to the public.
Delhi Airport: Foreign currency worth Rs 45 lakhs stuffed in peanuts, meatballs seized by CISF
CISF caught Murad Alam from Delhi Airport who had stuffed foreign currency in peanuts, meatballs, biscuit packets
Watch: Bundles of currency were showered from building during DRI raid in Kolkata
Officials from the DRI said a search in a private office of Hoque Merchantile Pvt Ltd, on that floor, was underway when the incident occurred.
Congress’ Randeep Surjewala caught spreading fake news that Indian Rupee is weaker than Bangladeshi Taka, deletes tweet
The Indian Rupee has certainly taken a hit in the recent days but it has never gone down below the Bangladeshi Taka.
Fact check: No, Indian Rupee didn’t lose against Bangladeshi Taka
The Indian currency INR is stronger than the Bangladeshi Taka
Journalist Aunindyo Chakravarty says govt should print money and distribute among people to revive economy, Ravish Kumar agrees
Ravish Kumar and Aunindyo Chakravarty suggest the government to randomly increase currency circulation in the country to counter ongoing slowdown
Facts, No Fiction: What the rupee does (not) tell us
Rupee does not signal the health of the Indian Economy, however, it is an important indicator as far as the external sector is concerned.
Rupee rises 21 paise against US Dollar, touching a three-month high
The Rupee rose by 21 paise to 69.64 against the US Dollar.
Two years post Demonetisation, a journey towards new India has begun
Demonetisation was an important step in building a culture where tax compliance is a habit. Demonetisation and GST are heralding the New India.
