Become a contributor

Bookmark Econotimes

Thu, Sep 23, 2021 09:17 AM All times are UTC Edition :

Follow Series

Demonetization Series

©Elmin Media . All Rights Reserved.

Demonetization is the act of stripping a currency unit of its status as legal tender. Some reasons include to combat inflation, to combat corruption, and to discourage a cash system. The process of demonetization involves either introducing new notes or coins of the same currency or completely replacing the old currency with new digital currency.

Demonetization Series

Indians' 'notes ban' compliance masks a silent crisis of legitimacy

Mar 28, 2017 14:30 pm UTC| Insights & Views Politics Economy

This article is part of the Democracy Futures series, a joint global initiative between The Conversation and the Sydney Democracy Network. The project aims to stimulate fresh thinking about the many challenges facing...

Demonetization Series

India's demonetisation drive has boosted banks and start-ups, but it's still a failure

Feb 21, 2017 08:18 am UTC| Insights & Views Economy

When Indian Prime Minister Narendra Modi announced the withdrawal of ₹500 (US$7.40) and ₹1,000 (US$15) banknotes from circulation in November 2016, the government said its demonetisation drive would curb Indias shadow...

Demonetization Series

Subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Jan 18, 2017 10:56 am UTC| Commentary Economy

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake to ease policy in the next 2-day bi-monthly monetary policy scheduled to...

Demonetization Series

Central Banking Series

FxWirePro Poll: India's subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Dec 26, 2016 07:02 am UTC| Economy Central Banks Insights & Views

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake easing policy in the next 2-day bi-monthly monetary policy scheduled to be...

Demonetization Series

Digital Currency Revolution

India's Bitcoin prices spike 25 pct on demonetisation

Nov 23, 2016 06:50 am UTC| Digital Currency

[The article has been updated to include a tweet from TuurDemeester,editor in chief at Adamant Research] Indian governments latest drive to demonetize currency notes of 500 and 1,000 denomination announced earlier this...

Demonetization Series

Indian bonds rally on Modi’s demonetisation move, market pricing 25bps cut from RBI

Nov 10, 2016 09:14 am UTC| Commentary

The Indian government bonds rallied Thursday as investors poured into safe-haven assets on rising speculation that the governments demonetisation move will improve banking system liquidity and lower inflation, creating...

Economy

Kobe Bryant, LeBron James, Shaquille O'Neal NFT collection to be launched at Binance Marketplace

Binance NFT Marketplace launched an NBA all-star NFT collection featuring Kobe Bryant, LeBron James, and Shaquille ONeal. The crypto trading platform announced that the Before They Were Pros NFTs will be exclusively...

Starbucks starts testing plant-based whipped cream

Starbucks is expanding its use of vegan offerings through its newest plant-based option. It was reported that the coffee chain giant is now testing a new whipped cream made from lentils. The new Starbucks vegan whipped...

Amazon fulfills giveaway pledge for vaccinated workers by handing out new cars and $100,000 payouts

Amazon handed out cash and free cars to its warehouse workers who already received their doses of the COVID-19 vaccine. It was reported that the e-commerce and tech firm gave away $100,000 cash bonuses this month for...

McDonald's revamping Happy Meal toys to be eco-friendly

McDonalds revealed earlier this week that it would make significant changes to its Happy Meal toys in an effort to cut the use of plastic. The fast-food chains meal package for kids always comes with a toy, and they are...

Freddie Mercury NFTs up for auction for AIDS charity

Four non-fungible token (NFT) artworks inspired by the late Freddie Mercury of band Queen are being auctioned off for charity to mark the British singer-songwriters 75th birthday. Three of the NFTs show an image of...

Politics

Nancy Pelosi, House Democrats introduce bill to limit presidential powers

The House is actively investigating the facts behind the January 6 insurrection incited by former President Donald Trump through its bipartisan committee. This week, House Democrats have introduced legislation that would...

Capitol insurrection: Michael Flynn's private security force reportedly on the ground on January 6

Several key individuals of the Trump administration and of the former president himself are emerging as links to the Capitol insurrection last January 6. A report revealed that Michael Flynns private security force was...

Joe Biden says US will donate additional 500 million COVID-19 vaccine doses

This week, US President Joe Biden hosted a COVID-19 summit amongst his counterparts. At the virtual event, Biden pledged that the US will donate an additional 500 million doses of the COVID-19 vaccine to other...

Mary Trump weighs in on latest lawsuit by uncle Donald Trump

This week, former President Donald Trump filed a lawsuit against his niece Mary Trump and the New York Times. Ms. Trump appeared to shrug the latest lawsuit against her by her uncle, saying that this is the norm within the...

Kamala Harris immigration: VP blasts expulsion of Haitian migrants from border

To this day, thousands of migrants are still at the southern border of the US, looking to enter the country even in the midst of the pandemic. This week, US Vice President Kamala Harris blasted the recent incidents of...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Pixel 6 Pro pre-production unit leaks in a new video

Google has been quite generous in giving away the first glimpse of the Pixel 6 and Pixel 6 Pro. But a new video that could be showing an early version unit of the latter appeared in the wild recently, giving fans more idea...

Surface Duo 2 to ship to more countries next month

The anticipated Surface Duo 2 is now available for pre-order with a confirmed retail launch next month. However, like its predecessor, the new dual-display device will be shipped in select markets only. Surface Duo 2...

Nintendo announces next ‘Direct’ showcase happening on September 23

Nintendo surprised fans this week with the announcement of the next Nintendo Direct showcase. While the video game company has announced when and where fans can watch the presentation, gamers are still left guessing what...

Best Buy restocks PS5, Xbox Series X/S in-store on September 23

Best Buy has officially announced it is having an in-store restock of PS5 and Xbox Series X/S consoles later this week. The major retailer, however, noted that there are only limited quantities available. In an...

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...