RBI withdraws currency issued prior 2005



India withdraws old currency notes issued before 2005

The Reserve Bank of India (Central Bank) advised all banks on Wednesday 22nd Jan 2014 that Currency notes which was issued before 2005 will be completely withdrawn from circulation after 31st March, 2014.

This move by the country's central bank is seen as an attempt to control the circulation of "Black Money" that has not been declared for tax as income.

A Notification from RBI says that “From 1st April, 2014, the public (Customers & Non- Customers) are required to approach banks for exchanging these notes which was printed before 2005".

Read More

Financial Current Affairs 2013

Economics Current Affairs 2013

To kick start the New Year 2014, first let us know the important financial & economic events happened in last year 2013.

Below are the snapshot / list which shows the Datewise / Monthwise Financial, Economic, Banking, Stock Market related Current Affairs which held during 2013

1^st Jan 2013 Mr. Rajiv Kumar Goyal was appointed as the Executive Director of Central Bank of India, succeeding R K Dubey.

Read More

New Year Wishes 2014

Season's Greetings & Continual Improvement for 2014!

Hello Bloggers,

Please take some of your precious time to read this, sorry for being lengthy on New Year Wishes.

New Year always starts with celebration and enjoyment; I feel it is the time for appreciating ourselves and our near and dear ones for the accomplishments made in the last year. It also gives us an opportunity to plan for the coming year in terms of personally and professionally.

Read More