-IANS New Delhi: India’s cash-driven agri sector continues to reel under the effects of demonetisation, with farmers growing fruits and vegetables suffering “huge losses”, say farm leaders who want the Union budget to “compensate” them for these losses. Amid reports of farmers dumping or refusing to harvest crops like tomatoes and peas due to a crash in prices as traders did not have the cash to purchase the produce, farmer leader Ajay...

-Livemint.com RBI’s testimony to parliamentary panel shows the bank had warned the government of possible inconvenience to the public for some time New Delhi/ Mumbai: India pushed ahead with its decision to demonetise high-value banknotes even as the Reserve Bank of India’s (RBI) own board expressed concern whether the cash could be replaced quickly enough, the central bank has said in written testimony to parliament. The revelation comes amid growing criticism about whether...

-IANS RBI buys the currency notes from the Bharatiya Reserve Bank Note Mudran Pvt Ltd Mumbai: The Reserve Bank of India (RBI) spends Rs 3.09 for each Rs 500 note as cost towards paper, printing and other charges, an RTI query has revealed. The information was given here on Friday to Mumbai Right To Information activist Anil Galgali on his query on the printing costs incurred by the government for printing Rs 500...

-Business Standard The governor did not give specific answers on who initiated the Note Ban New Delhi: Unsatisfied with the responses of Reserve Bank of India (RBI) Governor Urjit Patel to specific queries on demonetisation, the Public Accounts Committee (PAC) of Parliament on Friday asked him to furnish written replies to the concerns expressed by the members within two weeks and appear before the panel again. Patel, along with Deputy Governor R Gandhi...

-TheWire.in Re-promulgation of ordinances is illegal, the apex court ruled, in a judgment that will be applicable to all central ordinances, including demonetisation. Thanks to a recent Supreme Court judgment declaring the re-promulgation of ordinances unconstitutional, the government’s effort to validate demonetisation through ordinances may come to naught. The Specified Bank Notes (Cessation of Liabilities) Ordinance, promulgated in December to give effect to demonetisation, faces the risk of becoming unconstitutional if re-promulgated after...