-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...
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Demonetisation move leaves farming community shaken -KV Kurmanath
-The Hindu Business Line Scarcity of ?100 notes hits kharif harvesting; decline in demand worsens situation Hyderabad: Ram Singh (name changed), a 45-year-old farmer near Ranjim, a tehsil in Chhattisgarh, stood impatiently in the long queue, waiting for his turn to swap a bunch of old notes for new. “I don’t want the new notes. I’m desperately looking for ?100 notes that I need to pay to the labourers that I have...
More »Netas using co-op banks for backdated FDs, DDs -Partha Sinha
-The Times of India MUMBAI: A few cooperative banks, mostly in rural areas, have found a new way to bypass banking system norms put in place by the government to fight the black money menace. Since PM Narendra Modi launched the demonetisation drive on November 8, these cooperative banks, which are yet to be computerised and still use physical ledger books, are taking cash from customers and opening backdated fixed deposits...
More »Poor forest rights act implementation hampers social justice to the tribals
Access to land and its resources is important since it determines the extent of poverty and deprivation one faces. Historically tribal populations and other traditional forest dwellers did not enjoy any legal entitlement such as ownership rights or user rights of the forest lands where they had been living since ages, both communally and individually. The Forest Rights Act (FRA) is, thus, seen as a progressive legislation that attempted to...
More »Five city hospitals 'fined' Rs 600 crore for spurning the poor
-The Times of India NEW DELHI: The Aam Aadmi Party government has ordered five top private hospitals in Delhi to deposit "unwarranted profits" of more than Rs 600 crore made by denying treatment to the poor. The government order says Fortis Escorts Heart Institute, Max Super Specialty Hospital (Saket), Shanti Mukand Hospital, Dharamshila Cancer Hospital and Pushpawati Singhania Research Institute were allotted land at concessional rates on the condition that they treat...
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