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Raghuram Rajan: Demonetisation put new interest burden on RBI as people found ways to convert black money

The failure to stop dodgy cash coming back into the banking system after demonetisation has likely burdened the Reserve Bank of India with additional interest payments running into tens of thousands of crores, former governor of the central bank Raghuram Rajan said Thursday. Latest Reserve Bank of India data shows that all but 1% of the high-value bank notes demonetised on November 8 last year have returned to the banking system, meaning black money hoarders found ways to legitimise their cash that now earns interest. Rajan estimates this burden could be as…

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The Ultimate Guide to Gym Memberships: 7 Ways You Can Save Money

An estimated £3 billion is spent by British gym-goers annually to get into shape and it is a similar case in other countries as well. A large chunk of it goes into buying nutrition books, fitness DVDs, equipment and of course, gym clothing. The budget hits the roof in no time and when it comes to expensive gym membership, one only begins to cringe. Self-training or regular outdoor runs will always remain the best and most inexpensive ways to stay fit. However, for people with absolutely no history in fitness…

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The Ultimate Guide to Gym Memberships: 7 Ways You Can Save Money

An estimated £3 billion is spent by British gym-goers annually to get into shape and it is a similar case in other countries as well. A large chunk of it goes into buying nutrition books, fitness DVDs, equipment and of course, gym clothing. The budget hits the roof in no time and when it comes to expensive gym membership, one only begins to cringe.Self-training or regular outdoor runs will always remain the best and most inexpensive ways to stay fit. However, for people with absolutely no history in fitness and…

Read More