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Banknotes in circulation see higher than average increase during 2020-21 : Bulletin: Business Today


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Notes in circulation go up due to cautionary holding of cash amid COVID-19 pandemic: RBI
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report.
India stares at double-digit unemployment rate, 10 million job losses in May: CMIE ....

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China says Covid-19 origin probe should shift focus to other countries


China says Covid-19 origin probe should shift focus to other countries
Medical workers inoculate students with the vaccine against the coronavirus disease (COVID-19) at a university in Qingdao, Shandong province, China March 30, 2021. Picture taken March 30, 2021. China Daily via REUTERS
(VIA REUTERS)Premium
Jeremy Page,
, The Wall Street Journal
Head of the WHO earlier called for more robust investigation into whether virus escaped from Chinese lab
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China on Wednesday called for the World Health Organization to probe whether Covid-19 first emerged in other countries possibly including from a U.S. military laboratory in its first public response to a call from the head of the agency for a more robust investigation into whether the virus escaped from a Chinese lab. ....

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