Thanks to Banks, Cash is still King worldwide!

Thanks to Banks, Cash is still King worldwide!

Cashless  is accepted everywhere. Our phones have payment apps  that work perfectly. A digital bank transfer lands  the money  within the hour, and systems such as PayPal , PayTM, and others allow us to settle any account in an instant. The government would like us to assume that cash is on the way out. Reality […]

Late Nizam’s stash of cash to come to India

Late Nizam’s stash of cash to come to India

‘Twas a ‘Battle Royale’ between India and Pakistan that took almost 69 years. An indecisive Nizam of Hyderabad, once the richest man in the world and his heirs, the Indian Government, and the Pakistan High Commission being the interested parties. A London court has ruled that £35m ($42m) held in a UK bank account must […]

‘Seized cash’ in Police Stations: headache for cops!

‘Seized cash’ in Police Stations: headache for cops!

Prime Minister Narendra Modi’s demonetisation move has an unexpected victim: the police department. Why? Because the police department literally has stacks and stacks of 500 and 1000 rupee notes in safes at their police stations. The ban on currency notes of Rs 500 and Rs 1,000 has left the police confused. What is to be […]