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In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by the criminals, smugglers, and tax-evaders. Around ₹22,000 crores are supposed [citation needed] to have ...
The Digital Rupee (e₹) [ 39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [ 40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [ 41]
These included 1/2 ₹, 1/4 ₹, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice. In 1957, India shifted to the decimal system, though for a short period of time, both decimal and non ...
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. [ 2] Prime Minister Narendra Modi said that this decision would curtail the shadow economy ...
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money ), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency . The World Gold Council estimates that all the ...
Kokilaben Ambani (mother) Relatives. Anil Ambani (brother) Tina Ambani (sister-in-law) Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian businessman and the chairman and managing director of Reliance Industries. [ 4] With an estimated net worth of $123.3 billion as of July 2024, he is the richest person in Asia and 11th richest in the ...
Travel to Portugal jumped nearly 20% from 2022 to 2023, with more than 26 million people visiting last year. A residency program that attracted Americans to live in Portugal caused a housing ...
In 2022, the Hindi film industry represented 33% of box office revenue, followed by the Telugu film industry, representing 20% and the Tamil film industry, representing 13%. [6] Other prominent languages in the Indian film industry include Kannada (8%) and Malayalam (6%), as well as Bengali, Marathi, Odia, Punjabi, Gujarati and Bhojpuri.