Bharat Interface for Money – BHIM for short is the new app that has shaken the financial ecosystem in the country. it is designed to provide the easiest interface for the common man in to transfer and receive money. All one needs is a bank account and a mobile phone linked to it or a…
By Dr Rakesh Goyal 28 December 2016 On 08 November 2016, PM Modi announced demonetisation of Rs. 500 and Rs. 1000 notes. This was about 86% of all cash in the hands with citizens. The total currency and coins in circulation are called M0 in Macro Economics. M0 was Rs. 17.55 lakh crores in India…
By Dr Rakesh Goyal 28 December 2016 On 08 November 2016, PM Modi announced demonetisation of Rs. 500 and Rs. 1000 notes. This was about 86% of all cash in the hands with citizens. The total currency and coins in circulation are called M0 in Macro Economics. M0 was Rs. 17.55 lakh crores in India…
