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The Latest Breaking News on Financial Services

Currency in circulation rises by 83% since demonetisation in 2016

NEW DELHI: Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016.

The Times of India

India's top court upholds legality of 2016 currency ban

India’s top court says the government’s surprise decision in 2016 to demonetize high-value bills was legal and taken after consultation with India’s central bank

The Independent UK

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

Dynamite News

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India's Supreme Court upholds legality of 2016 demonetisation

India's Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country's cash in circulation, saying the decision was taken in consultation with the central bank and followed due process.

Reuters

Demonetisation verdict - SC rejects pleas challenging govt's 2016 note ban decision: Key points

NEW DELHI: A 5-judge Constitution bench of the Supreme Court on Monday upheld the validity of Centre's November 2016 decision to demonetise Rs 500 and Rs 1000 currency notes.

The Times of India

New directions for industry

The past three years have proven to be challenging for many people following the outbreak of the Covid-19 pandemic. Though the situation has improved, many businesses are still grappling with economic pressures, such as higher costs driven by inflation and higher energy prices, while concerns over climate change are motivating…

Bangkok Post

Martin Lewis shares tip to get free £175 in less than a month

The extra cash could really help people out amid the cost of living crisis

Liverpool Echo

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DRT Orders Auction Of Nirav Modi’s Pune Flats

The Debt Recovery Tribunal-I (DRT-I), Mumbai, Recovery Officer Ashu Kumar has ordered the auction of two prime properties belonging to Multi-billionaire scamster diamantaire Nirav D. Modi and others in one of the cases filed by Punjab National Bank (PNB) to recover a part of its dues. Read on for details:

Dynamite News

Banks seek to quash women's lawsuits in Jeffrey Epstein case

Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim they helped Jeffrey Epstein abuse young women and maintain his sex-trafficking ring

The Independent UK

Ukraine's debts: US aims to get IMF to reexamine loan fees

A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine’s debt burden at the International Monetary Fund

The Independent UK

Chhattisgarh CM Bhupesh Baghel urges PM Narendra Modi to release Rs 5,545 crore state share of GST, coal levy

RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Saturday met with Prime Minister Narendra Modi in Delhi and urged him to release the state’s revenue share pending with the Centre in the form of Rs 1375 crore GST and Rs 4170 crore coal levy.

The Times of India

Women business pioneers among New Year Honours recipients

Alison Rose, chief executive of Natwest Group and Anita Frew, chair at Rolls Royce are given damehoods

Birmingham Post

Tiptoeing through the minefield

2023 should be the first time in three years Thailand can fully return to normal practices after Covid-19 was downgraded to endemic in October 2022. Yet busineses still need to stay alert to several obstacles on the horizon.

Bangkok Post

Trump's taxes: Takeaways from release of long-sought returns

The release of former President Donald Trump's tax returns show he maintained a bank account in China through 2017, his first year in the White House

The Independent UK

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Nottingham Post

Appeal after woman 'punched in the face' at Nottingham Tesco Express in 'unprovoked attack'

The alleged incident happened at Tesco Express, in Shakespeare Street, Nottingham, on November 27.

The Independent UK

How shoppers spent their money in 2022

Debit and credit card spend grew this year

Belfast Live

How to make the most of your annual leave in Northern Ireland in 2023

Being strategic with your holidays can help you make the most of your time off in the New Year

Liverpool Echo

Banks: How to deposit cash and cheques as Lloyds, Halifax and more shut branches

Lloyds, Halifax, NatWest, Santander, HSBC and Barclays are shutting branches - here's how to manage your money

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Chicago Sun-Times

Man tries to rob Little Village bank: FBI

A man handed a teller a note, implying he had a gun, police say. After not getting any money, he walked out of the Citibank branch.

ABC News

ING Bank customers missing payments from employers, NAB accepts some responsibility

ING Australia has released a statement, apologising for the inconvenience to customers who have failed to receive their regular salaries over the Christmas period.

Daily Record

Bank holiday for New Year's Day moved from January 1 - full list of days off in 2023

New Year's Day is a Sunday this year but don't worry, you will still receive a bank holiday soon after.

The Independent UK

US Virgin Islands district attorney fired days after suing JP Morgan Chase over Jeffrey Epstein ties

Virgin Islands Governor Albert Bryan said he had ‘relieved’ Denise George of her duties amid reports he was unaware of a lawsuit filed against JP Morgan Chase

Daily Mirror

Millions of 'financially fragile' Brits mired in debt in cost of living crisis

A study by the accountancy firm PwC lays bare the struggles of households at the turn of the year as inflation rampages, mortgage costs accelerate and real wages are eroded

Birmingham Post

North East companies show renewed optimism for year ahead

The latest study from Lloyds Bank shows firms think 2023 will be a better year

Birmingham Post

East Midlands businesses back a better 2023, says survey

Despite Ukraine war, high inflation and Brexit, Lloyds Bank survey suggests nine in 10 bosses plan to invest

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