the government has extended the use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24.

The note was introduced in 2016 after the Indian government withdrew 500 and 1,000 rupee notes. PM Narendra Modi's decision was seen as an attempt to curb black money, but opposition parties say ...

The Indian government announced the withdrawal of 500 and 1,000 rupee notes from circulation in a bid to bring billions of dollars worth of unaccounted wealth into the mainstream economy and curb ...

The cost of minting a one-rupee coin in India exceeds its face value, as revealed by the RBI in a 2018 RTI. One rupee note ...

Social media is abuzz with discussions about the introduction of a 5000 rupee note. The RBI has clarified the situation, ...

He said that 500- and 1,000-rupee notes would no longer be legal tender. The move to take the bills out of circulation – the economic term is “demonetisation”– led to a frenzied reaction.

To curb black money and stop the counterfeiting of currency notes, the Indian government took a drastic measure in 2016 of ...