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Indians find ways to dodge 'black money' crackdown INTERNATIONAL

Indians find ways to dodge 'black money' crackdown

From deploying 'cash coolies' to buying Rolex watches, Indians have found unique ways to dodge the government's surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion.

4:45 AM November 25 2016
India eases cash rules for weddings INTERNATIONAL

India eases cash rules for weddings

India announced new measures Thursday to allow farmers and marrying couples to withdraw more money from banks, as frustration mounted over a cash crisis triggered by the withdrawal of all high-value notes.

4:45 AM November 25 2016
India to use indelible ink to stop repeat cash exchanges INTERNATIONAL

India to use indelible ink to stop repeat cash exchanges

India is to use indelible ink to prevent people from exchanging old notes more than once, the government said Tuesday, a week after the withdrawal of high-value banknotes from circulation in a crackdown on ‘black money’.

4:45 AM November 25 2016
India's Modi urges bill-swap success amid cash crunch INTERNATIONAL

India's Modi urges bill-swap success amid cash crunch

Prime Minister Narendra Modi Sunday made an emotional appeal to people to make India graft-free, as chaotic scenes erupted outside banks nationwide after high denomination notes were pulled from circulation.

4:45 AM November 25 2016
India pulls 500, 1000 rupee notes to fight graft INTERNATIONAL

India pulls 500, 1000 rupee notes to fight graft

Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion.

4:45 AM November 25 2016
Rupee hit by devaluation talk, despite ministry denial ECONOMY

Rupee hit by devaluation talk, despite ministry denial

India's finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency.

4:45 AM November 25 2016
Overvalued currency hits Pakistan exports ECONOMY

Overvalued currency hits Pakistan exports

Pakistan’s currency is overvalued by as much as 20% and is contributing to the country’s declining exports

4:45 AM November 25 2016
Brexit-related currency exposures minimal for Qatar banks ECONOMY

Brexit-related currency exposures minimal for Qatar banks

Qatari banks face “immaterial net exposures” to the Brexit-related currencies such as the pound and euro overall, according to QNB Financial Services (QNBFS).

4:45 AM November 25 2016
New 6 star energy efficiency label for ACs ARABIA

New 6 star energy efficiency label for ACs

Qatar General Organisation for Standards and Metrology has finalised the modification of the energy star labels for the new energy saving air conditioners, ahead of their import.

4:45 AM November 25 2016
Hackers divert $50mn in blow to virtual currency INTERNATIONAL

Hackers divert $50mn in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times.

4:45 AM November 25 2016
Zimbabwe opposition calls local 'US dollar' plan 'madness' INTERNATIONAL

Zimbabwe opposition calls local 'US dollar' plan 'madness'

Zimbabwe's opposition condemned the government's plan to print a local version of the US dollar as "madness" on Monday, as panic set in over a crippling cash shortage.

4:45 AM November 25 2016
‘G20 currency promise doesn’t limit negative rates’ ECONOMY

‘G20 currency promise doesn’t limit negative rates’

The Bank of Japan’s policy is not affected by the international community’s pledges to avoid targeting exchange rates

4:45 AM November 25 2016