On May 19, 2023, RBI released a new statement to the public’s shock. 2000 notes in circulation in India should be exchanged by September 30. RBI has announced that Rs 2000 notes will become invalid after September 30. If you want to exchange your 2000 rupees notes, you can exchange them through a bank or at 19 RBI Regional Offices. After banning 1000 and 500 rupee notes in 2014, RBI introduced 2000 rupee notes. But 2000 rupee notes have been banned due to non-circulation. Since 2015 many people have switched to digital transactions.
You can stay updated on finance and investment news in India by visiting reputable financial news websites such as Moneycontrol, Economic Times, Bloomberg Quint, Livemint, and CNBC TV18. These websites provide comprehensive coverage of financial markets, business news, and investment updates in India. I recommend visiting their websites or checking their mobile apps for the most recent news articles and updates.
The demonetization drive in 2016 fueled the growth of digital payments in India. Companies such as Paytm, Google Pay, and PhonePe gained popularity, and digital wallets became a common mode of payment for various transactions. The Digital India initiative aims to transform the country into a digitally empowered society and knowledge economy. The government has been promoting digital literacy, e-governance services, digital payments, and expanding internet connectivity in rural areas.
Reliance Industries, led by Mukesh Ambani, made significant strides in the digital services sector with its telecom arm, Reliance Jio. Reliance Jio disrupted the Indian telecom market with its affordable data plans, leading to increased internet penetration and changing the dynamics of the industry. Influencer marketing gained traction in India, with brands collaborating with social media influencers to promote their products or services. Influencers, especially on platforms like Instagram and YouTube, became an effective way to reach a specific target audience.