Will ₹500 notes be taken back too? RBI reveals number of fake ₹500 notes is 10x more than fake ₹2000 notes in FY23

Rbi 2000-500 notes taken back

There’s been 14.4% rise in counterfeit ₹500 notes in the country. In its recently released annual report for the financial year 2022-23, the Reserve Bank of India (RBI) has brought attention to a significant increase in the number of counterfeit Rs 500 denomination notes in circulation. The report highlights a rise of 14.4%, with a … Read more

Govt issues advisory for data privacy: Shopkeepers in India can no longer ask for your mobile numbers to generate bill

Mobile number generate bill data privacy

Ministry of Consumer Affairs’s move aimed at customer security. Government Takes a Stand to Safeguard Consumer Privacy and Curb Unsolicited Marketing Messages In a significant move aimed at protecting consumer privacy and curbing the rising threat of online scams, the Indian Ministry of Consumer Affairs has issued an advisory to retailers, urging them to refrain … Read more

Europe’s largest economy, Germany falls into recession: Inflation hits & takes GDP growth contracts by -0.5%

Germany recession GDP growth

For the last two quarters it has negative growth, inflation at 7.2% In an unexpected turn of events, Germany, Europe’s largest economy and the world’s fourth-largest, has officially entered a recession according to new figures released by the Federal Statistical Office. The data revealed a contraction in Germany’s gross domestic product (GDP) of 0.3% during … Read more