-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...
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Don't create panic on Aadhaar linking: SC to Banks, telcos -Amit Anand Choudhary
-The Times of India NEW DELHI: The Supreme Court eased on Friday the pressure mounted by Banks and telecom companies on customers through frequent messages to link Aadhaar with bank accounts and mobile phone numbers and ordered that they intimate people about the deadline for doing so. A bench of Justices A K Sikri and Ashok Bhushan said even judges are not spared from such messages, which the petitioners termed as part...
More »Supreme Court refuses interim stay on linking Aadhaar to bank a/c, mobile nos; leaves it for Constitution bench to decide -Amit Anand Choudhary
-The Times of India NEW DELHI: 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. At the same time though, the top court chastised Banks and mobile telephone companies for creating panic by sending customers messages saying...
More »World Bank's False Praise Pleases Besieged Modi -Subodh Varma
-Newsclick.in A World Bank study ignores slumping economy and raging joblessness to praise ‘reforms’. A charming little bromance seems to be brewing between the World Bank and India’s Modi-led government. A series of reports by the World Bank has praised Modi for various kinds of “reforms”. The latest is the so called “Doing Business” report of the World Bank which lavishes praise on the Modi govt. for making it easier to do...
More »One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew
-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or...
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