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Australia pioneered this monetary innovation: some other countries have also adopted it. India will trial this by introducing it via Reserve Bank of India offices in five cities (Cochin, Jaipur, Shimla, Mysore and Bhubaneswar), choosing the Rs. 10/- denomination.

Thus, if you have it in your pocket, you can use a phrase that is usually applied to credit cards. What innovation is this?

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This day last year: Q.544

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In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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