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Showing posts from December, 2016

Dishwashers in India- Need Or Just a Luxury Statement?

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Do you think Dishwashers should be your next best friend of the kitchen. In west, Dishwashers are one of the important household appliance one is used to, but In India, the usage of Dishwashers is nominal and nascent, to begin with. I'd want to know from you, if you think if you need a dishwasher for your daily life or Not. Pic Source- Haier Dishwashers

Long Lines At ATM Post Demonetization - In Delhi- Video

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One can easily spot people Queing up before ATMs these day. Be is urban or rural areas. I took a small video from Alaknanda- Delhi to show what it is like. https://www.youtube.com/watch?v=XcAcYyNu0T0

RBI- Reserve Bank Will Issue NEW 50 and 20 Notes Soon - FULL TEXT

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According to a press note on RBI's website  there will be new 50 and 20 notes, the old ones will remain in use and legal tender. The RBI- Reserve Bank Of India today announced that we will be able to see new Rs.50 and Rs.20 Notes . Post Demonetization by PM Narendra Modi, this was one big decision. People have been queing up since November- 8 announcement outside ATMs. The RBI announced via it's Twitter Handle today. RBIs Twitter Handle Grab Official Statement from RBI- Issuance of ₹ 50 banknotes without inset letter, with numerals in ascending size in number panels, and without intaglio printing Issue of ₹ 20 banknotes with 'R' inset letter, with numerals in ascending size in number panels and without intaglio printing. The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and...

Why ATMs Across India Not Working Post Demonetization

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Post Demonetization, the ignored, humble ATM has indeed found a new found respect. Nowadays- November-December, people can be found in front of an ATM to withdraw sundry cash for their day to day dealing. So, when was ATM first came into existence in.  In my initial research, Quora says  it was 1987.  In my earlier days spent in Calcutta, my previous office Business Standard, at BBD Bag chottor. Little I knew that it was the HSBC (Hongkong and Shanghai Banking Corporation) that introduced the ATM concept in India and the year was 1987. HSBC-BBD Bag, Calcutta As per an article published on HuffPost  there are about 2 lakh ATMs all over India and the average transaction everyday is about ₹4,000 whereas the average number of transactions happening every days is about 125 per ATM so the ATMs handle over ₹10,000 crore in currency everyday.