India to introduce new rupee symbol on currency soon

New Delhi: India will soon introduce new rupee symbol and extra security features on its bank notes in a bid to tackle the problem of fake currency, Finance Minister Pranab Mukherjee.

“With a view to check this menace of fake currency, an exercise for introduction of security features in all denominations of bank notes is under way,” Mukherjee said after releasing procurement manual of Security Printing and Minting Corporation of…

People mourn the death of 25 paise

NEW DELHI: The decision of the Reserve Bank of India (RBI) to do away with coins of 25 paise and less with effect from June 30 left many people dealing regularly in these denominations at a loss across the country.

Shop owners and street vendors in Patna expressed surprise on learning about the move on Thursday. “We need coins…

Movie buff? Here’s what cinema does to writers ( Book Review)

Book: “The Popcorn Essayists – What Movies do to Writers”; Compiled and edited by Jai Arjun Singh; Publisher: Tranquebar Press; Price: Rs.395, Pages: 227This collection of essays by well-known Indian authors writing on films and the making of films weaves the magic of the world of cinema for the avid movie buff. “The Popcorn Essayists – What Movies do to Writers” is a lively collection of 13 articles and…

With Maharaja a pauper, is it time to sell Air India?

With accumulated losses amounting to nearly $3 billion, the 10-day crippling strike of Air India pilots may have come at the worst possible time for the flag carrier, but it has also raised the pitch for privatisation like never before.”The Maharaja had become a pauper a long time ago,” said Capt Gustav Baldauf, who was brought specifically in to…

Now, get a bank account number of your choice!

Mumbai:  A private city-based bank is cashing in on the craze for ‘lucky numbers’ by offering its high-value customers bank account numbers of their choice.

The service, launched recently by the Development Credit Bank Ltd (DCBL), has proved to be popular among its elite customers who are now opting to change the last six digits of their bank account numbers – the rest being bank codes common for all.

“The service is…

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