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The Latest Breaking News on Financial Services

Modi’s cash ban was legal, India court rules amid faint dissent

India’s Supreme Court upheld Prime Minister Narendra Modi’s 2016 decision to overnight invalidate high-value currency notes, a decision that could provide firepower to the ruling party ahead of a series of elections in coming months.

Tribune News Service

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Bangkok Post

Welcome SC judgement on demonetisation: Finance minister Nirmala Sitharaman

NEW DELHI: Finance minister Niramala Sitharaman on Monday welcomed the Supreme Court judgement upholding the decision of the Modi government to demonetise high value currency notes in November 2016.

The Times of India

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Centre empowered to demonetise 'all' series of bank notes under RBI Act: SC

NEW DELHI: The Supreme Court said on Monday the Centre is empowered to demonetise 'all' series of bank notes under Section 26(2) of the RBI Act.

The Times of India

Glasgow NatWest branch to shut at end of month as part of nationwide closures

Some high street banks including HSBC, NatWest and Lloyds are set to close at least 193 more branches next year. However only one branch in Glasgow is set to close by the end of the month.

Glasgow Live

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

MUMBAI: TThe Reserve Bank of India (RBI) announced on Monday that State Bank of India (SBI), ICICI Bank, and HDFC Bank are still considered Domestic Systemically Important Banks (D-SIBs).

The Times of India

New Year Bank Holiday: UK supermarket closing times

Here’s the list of supermarket closing times for 2 January 2023

The Independent UK

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India’s Supreme Court says 2016 demonetisation decision was legal

Five-judge bench upholds legality of government move to demonetise 86 percent of the country’s cash in circulation.

Al Jazeera

Currency in circulation rises by 83% since demonetisation in 2016

NEW DELHI: Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016.

The Times of India

India's top court upholds legality of 2016 currency ban

India’s top court says the government’s surprise decision in 2016 to demonetize high-value bills was legal and taken after consultation with India’s central bank

The Independent UK

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

Dynamite News

India's Supreme Court upholds legality of 2016 demonetisation

India's Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country's cash in circulation, saying the decision was taken in consultation with the central bank and followed due process.

Reuters

Demonetisation verdict - SC rejects pleas challenging govt's 2016 note ban decision: Key points

NEW DELHI: A 5-judge Constitution bench of the Supreme Court on Monday upheld the validity of Centre's November 2016 decision to demonetise Rs 500 and Rs 1000 currency notes.

The Times of India

New directions for industry

The past three years have proven to be challenging for many people following the outbreak of the Covid-19 pandemic. Though the situation has improved, many businesses are still grappling with economic pressures, such as higher costs driven by inflation and higher energy prices, while concerns over climate change are motivating…

Bangkok Post

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Liverpool Echo

Martin Lewis shares tip to get free £175 in less than a month

The extra cash could really help people out amid the cost of living crisis

Dynamite News

DRT Orders Auction Of Nirav Modi’s Pune Flats

The Debt Recovery Tribunal-I (DRT-I), Mumbai, Recovery Officer Ashu Kumar has ordered the auction of two prime properties belonging to Multi-billionaire scamster diamantaire Nirav D. Modi and others in one of the cases filed by Punjab National Bank (PNB) to recover a part of its dues. Read on for details:

The Independent UK

Banks seek to quash women's lawsuits in Jeffrey Epstein case

Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim they helped Jeffrey Epstein abuse young women and maintain his sex-trafficking ring

The Independent UK

Ukraine's debts: US aims to get IMF to reexamine loan fees

A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine’s debt burden at the International Monetary Fund

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The Times of India

Chhattisgarh CM Bhupesh Baghel urges PM Narendra Modi to release Rs 5,545 crore state share of GST, coal levy

RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Saturday met with Prime Minister Narendra Modi in Delhi and urged him to release the state’s revenue share pending with the Centre in the form of Rs 1375 crore GST and Rs 4170 crore coal levy.

Birmingham Post

Women business pioneers among New Year Honours recipients

Alison Rose, chief executive of Natwest Group and Anita Frew, chair at Rolls Royce are given damehoods

Bangkok Post

Tiptoeing through the minefield

2023 should be the first time in three years Thailand can fully return to normal practices after Covid-19 was downgraded to endemic in October 2022. Yet busineses still need to stay alert to several obstacles on the horizon.

The Independent UK

Trump's taxes: Takeaways from release of long-sought returns

The release of former President Donald Trump's tax returns show he maintained a bank account in China through 2017, his first year in the White House

Nottingham Post

Appeal after woman 'punched in the face' at Nottingham Tesco Express in 'unprovoked attack'

The alleged incident happened at Tesco Express, in Shakespeare Street, Nottingham, on November 27.

The Independent UK

How shoppers spent their money in 2022

Debit and credit card spend grew this year

Belfast Live

How to make the most of your annual leave in Northern Ireland in 2023

Being strategic with your holidays can help you make the most of your time off in the New Year

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