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Showing posts from May, 2023

Why RBI withdraw ₹2000 Bank note from circulation ?

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The Reserve Bank of India (RBI) on May 19 decided to withdraw ₹2,000 denomination banknotes from circulation in pursuance of its “Clean Note Policy”. However the ₹2,000 notes will continue to be legal tender. A similar withdrawal of notes from circulation was undertaken in 2013-2014. In a reminder of the demonetisation days when the banking channel was overwhelmed by the massive crowd thronging into the branches to exchange banknotes, the decision to withdraw ₹2,000 notes is also likely to strain the system besides creating anxiety and inconvenience to the public. The central bank has advised the public to deposit ₹2,000 notes into their bank accounts and/or exchange them into banknotes of other denominations at any branch.  “Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions,” the RBI said.  The ₹2,000 banknote was introduced in November 2016 “primarily to meet the curr

Title sponsor of IPL & WPL

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TATA is the title sponsor for WPL 2023 But did you know its association with the game goes back to the 19th century? Young Zoroastrian Club Reportedly, the Young Zoroastrian Club was founded in 1850 by Hiraji Gosta with financial help from the houses of Tata and Wadia. Jamsetji Tata's relationship with cricket Jamsetji Tata, with the sport at the domestic level, infrastructure for the sport in the 1880s. Like father, like son? Some say that Jamsetji's passion for cricket passed on to his son Sir Dorabji Tata. Dorabji went on to captain the cricket 11 at Parsee Gymkhana. He even became a patron of the Indian Gymkhana in England. Established in 1916, it was the country's first multi-ethnic cricket club. DID YOU KNOW? In 1923, Lady Meherbai Tata, the wife of Sir Dorabji, became the first female member of the Indian Gymkhana in England. Early Association 1937 Mumbai's Braboume Stadium opened in this year. Tata Group's then Chairman had helped with its cost of construct