Menu

Search

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...

1 

Economy

Nippon Steel to increase boost R&D investment to speed up decarbonization

Nippon Steel will increase spending on research and development (RD) to hasten decarbonization in steelmaking and address climate change issues. The worlds No. 3 steelmaker is facing growing pressure to cut carbon...

Sumitomo Mitsui likely to halt financing all kinds of coal-powered plants

Japans Sumitomo Mitsui Financial Group (SMFG) is likely to stop providing new financing to coal-fired power plants, including more environmentally friendly projects, due to growing pressure from global investors and...

S. Korea eyes ‘travel bubble’ to prop up aviation industry

South Korea will pursue travel bubble agreements for people to travel internationally without restrictions to revitalize the aviation industry, said Finance Minister Hong Nam-ki. Travel bubbles are agreements between...

Switzerland's chocolate consumption, production, exportation plunge amid pandemic

Annual consumption in Switzerland fell below the threshold of 10 kilograms per person, dipping to 9.9 kilos, the lowest level since 1982, mainly due to the steep decline in foreign tourists. According to Urs Furrer,...

S. Korea's fishery goods exports drop 7.4% in 2020

South Koreas fishery goods exports plunged 7.4 percent from $2.5 billion in 2019 to $2.32 billion in 2020, says the Ministry of Oceans and Fisheries. Exports of ready-to-eat products, such as processed fish and seaweed...

Politics

Joe Biden COVID-19 relief: POTUS makes another push for relief plan in meeting with Senate Democrats

With the House successfully passing President Joe Bidens $1.9 trillion COVID-19 relief bill, it is now in the hands of the Senate. Biden makes another strong push for the passage of the bill in his latest meeting with...

Joe Biden Cabinet: Miguel Cardona confirmed to lead Department of Education

The Senate is at work to confirm President Joe Bidens Cabinet nominees, the confirmations already picking up steam in the past week or so. The latest of confirmations is with Miguel Cardona, who will now be leading the...

Donald Trump 2024 run: GOP Senator Bill Cassidy says ex-POTUS will not be the 2024 nominee

Former President Donald Trump recently hinted at a 2024 run for the presidency again during his appearance at CPAC. While most Republicans have supported the idea, GOP Senator Bill Cassidy says Trump will not become the...

Donald Trump investigation: Ex-POTUS faces probes from five investigators

Former President Donald Trump received an acquittal from the Senate a few weeks ago, but he still faces many legal challenges especially as he no longer has the protections of the White House. Trump is currently facing...

Science

Transparent wood is coming, and it could make an energy-efficient alternative to glass

Wood is an ancient material humans have been using for millions of years, for the construction of housing, ships and as a source of fuel for burning. Its also a renewable source, and one way to capture excess carbon...

Pigs can play video games, scientists discover

Pigs might not be able to fly, but they can play video games. In a new study, researchers from Purdue University in Indiana, US have shown that pigs can use a digital screen and joystick, operated by their snout, to move a...

Einsteinium: 100 years after Einstein's Nobel Prize, researchers reveal chemical secrets of element that bears his name

A century ago, an upstart German physicist by the name of Albert Einstein turned the scientific world on its head with his discovery of the photoelectric effect, which proved light to be both a particle and a wave. Awarded...

New CRISPR technology could revolutionise gene therapy, offering new hope to people with genetic diseases

The day a muddled mob stormed the US Capitol building, a team of American researchers published a paper in Nature that signified a landmark in gene therapy. The head of the US National Institutes of Health, Francis...

In the rush for coronavirus information, unreviewed scientific papers are being publicized

COVID-19 has not only upended our personal lives, it has dramatically changed scientific research. In response to the rapid spread of the virus, scientists around the world have had to find new ways to collaborate and...

Technology

‘Valheim’ update 0.147.3 deliver private dedicated servers

The increasingly popular survival game Valheim has received its latest update, and Iron Gate has answered many players requests. The patch includes the option for fans to use private dedicated servers through easy...

Android March 2021 security patch rolls out for some Pixel devices

The latest security patch for Android-run devices is here, and the March 2021 security patch has reportedly started to roll out for Google Pixel smartphones. It is something that smartphone users may want to immediately...

Report: Hole-punch selfie camera could debut on iPhone 14

Many might agree that Apple made the display notch popular, and now its fans have been asking the tech giant to make it smaller or even get rid of it altogether. Apple is not one to discuss its plans for upcoming hardware...

‘Fortnite’ chapter 2 season 6 could start in mid-March

The start of a new season is one of the most important times for every Fortnite player. It marks a fresh start to climb up the leadership ladder, and it is also the time when Epic Games usually roll out updates and Battle...

‘Apex Legends’: Nintendo Switch players are getting free 30 levels on day one

The wait for the Apex Legends Nintendo Switch port is down to just a week, and EA is celebrating that by releasing a new gameplay trailer. Meanwhile, the game publisher also announced several exclusive perks for Switch...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.