Gold Silver Reports – No Lasting Impact of Demonetisation on Gold Consumption – Gold has long been the sump of cash in India. No wonder that gold demand plummeted in the post demonetisation months. But the demand soon bounced back to previous levels in a few months (see table).
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One Year After Demonetisation – Cash is Still King
Gold Silver Reports – Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.
Link Aadhaar to Catch Benami Properties
Gold Silver Reports – Link Aadhaar to Catch Benami Properties – In several addresses to the nation (called Mann Ki Baat), Prime Minister Narendra Modi has repeated his plans to root out black money from the system by cracking down on benami properties.
Bitcoin Contentious Bid for Legitimacy
Gold Silver Reports – Bitcoin Contentious Bid for Legitimacy – Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that the phenomenon is a “fraud,” with a large middle either reserving judgment or arguing that it will last but currently may risk being in the midst of a speculative price bubble.
New tech that can fight cybercrime in the year 2020
Gold Silver Reports – New tech that can fight cybercrime in the year 2020 – Technological advances are taking place more rapidly than they are being adopted on ground. More devices and individuals are getting connected to cyberspace and are exposed to online risks. Intel Corp. predicts the number of internet-connected devices to go from the current 15 billion to around 200 billion in 2020—which is also the number of potential devices that might be prone to being hacked. In the present scenario, businesses face difficulty in securing their assets from potential threats; imagine the risk of cybercrime with 200 billion devices coming online.
Supreme Court Refuses Interim Stay on Linking Aadhaar to Bank A/c, Mobile Nos; Leaves it for Constitution Bench to Decide
Gold Silver Reports – The Supreme Court (SC) on Friday refused to pass an interim order staying the linking of Aadhaar with mobile numbers and bank accounts, saying that it is leaving the issue to be decided on by a Constitution bench in the last week of November.
Gold Mines in Alaska’s Estimated Worth Nearly $500 Billion
Gold Silver Reports – Gold Mines in Alaska’s Estimated Worth Nearly $500 Billion – The Trump administration has taken a key step toward paving the way for a controversial gold, copper and molybdenum mine in Alaska’s Bristol Bay watershed, marking a sharp reversal from President Barack Obama’s opposition to the project.