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Demonetization Series

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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

Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook

Oil prices held steady during Asian trading on Thursday as investors closely monitored the third round of U.S.-Iran nuclear talks, a key event that could influence the near-term direction of global crude markets. Brent...

Asian Stocks Rise on Nvidia Earnings Boost; Yen Weakens as BOJ Rate Outlook Clouds

Asian stock markets climbed on Thursday after strong Nvidia earnings eased concerns about AI spending and rising costs, supporting a renewed risk-on mood across global markets. Investor sentiment improved as the chipmaker...

Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.50% on Thursday, a widely expected decision that signals continued caution as policymakers assess economic conditions. The move reflects growing...

IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps

The International Monetary Fund (IMF) has urged the United States to address its rising fiscal deficit as a key step toward narrowing the countrys large current account and trade deficits. Following its annual Article IV...

BOJ Signals Possible April Rate Hike as Ueda Eyes Inflation and Wage Growth Data

Bank of Japan Governor Kazuo Ueda signaled that the central bank could raise interest rates in the near term, saying policymakers will closely examine incoming economic data at their March and April meetings. In an...

Politics

Top Democrat Accuses DOJ of Withholding FBI Records in Trump-Epstein Investigation

A senior Democrat in Congress has accused the U.S. Department of Justice (DOJ) of withholding key FBI interview records tied to allegations that former President Donald Trump sexually abused a woman when she was a minor....

FBI Subpoenaed Kash Patel and Susie Wiles Phone Records During Trump Investigations, Patel Says

The FBI subpoenaed phone records belonging to Kash Patel and Susie Wiles during federal investigations into former President Donald Trump, according to statements Patel gave to Reuters. The actions reportedly took place in...

Tommy Robinson Visits U.S. State Department Amid Free Speech Debate

British anti-Islam activist Tommy Robinson visited the U.S. State Department on Wednesday, meeting with at least one American official, according to social media posts and a statement from the department. Robinson, whose...

CIA Posts Farsi Recruitment Message as U.S.-Iran Nuclear Talks Intensify

The U.S. Central Intelligence Agency (CIA) has released new Farsi-language instructions on social media, detailing how Iranians can securely contact the agency. The outreach effort comes at a sensitive moment, as tensions...

Kim Jong Un Vows to Expand North Korea’s Nuclear Arsenal, Signals Conditional Talks With U.S.

North Korean leader Kim Jong Un has pledged to accelerate the expansion of North Koreas nuclear weapons program, emphasizing that future relations with the United States depend entirely on Washingtons stance toward...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand

Samsung Electronics and SK Hynix shares surged to record highs on Thursday after Nvidia reported stronger-than-expected quarterly earnings, reinforcing confidence in sustained artificial intelligence chip demand. The rally...

OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War

OpenAI has reportedly hired Ruomin Pang, a prominent artificial intelligence researcher who most recently worked at Meta Platforms (NASDAQ: META) and previously led Apples AI models team. The move, first reported by The...

Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans

Amazon (NASDAQ: AMZN) is reportedly preparing to invest up to $50 billion in OpenAI, with the final commitment dependent on the artificial intelligence company achieving a major artificial general intelligence (AGI)...

Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges

Snowflake projected fiscal 2027 product revenue above Wall Street expectations, highlighting strong enterprise demand for artificial intelligence and cloud-based data analytics solutions. The cloud data platform provider...

Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use

The U.S. Department of Defense has asked Boeing Co (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT) to assess their reliance on Anthropics Claude artificial intelligence model, according to a report from Axios citing...