-Scroll.in India's social-sector spending remains woefully low and despite claims of being a pro-farmer Budget, the effective allocations are nearly the same as last year. Some commentators expected that the Union Budget 2017-’18 would craft a sharp departure from earlier budgets of this government. This it would do to mitigate the immense suffering of millions of casual workers, farmers and small traders caused by the “shock and awe” of the astoundingly callous...
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Top 15 parties deposited Rs 167 crore during note ban, BSP tops list, shows data -Appu Esthose Suresh
-Hindustan Times New Delhi: The Bahujan Samaj Party (BSP) made the highest cash deposit among political parties during 50 days of demonetisation, reveals data analysis by the Financial Intelligence Unit (FIU) and the Income Tax department (I-T). The top 15 national and regional political parties deposited Rs 167 crore during demonetisation, data accessed by HT has revealed. Besides Rs 104 crore cash deposit by the BSP, other 14 parties have put Rs...
More »DeMo dole in Bengal -Devadeep Purohit
-The Telegraph Calcutta: The Bengal budget has proposed a grant of Rs 50,000 each to 50,000 migrant workers who were forced to return from other states because of demonetisation. By announcing the first such scheme in the country, the Mamata Banerjee government has beaten to the draw the Narendra Modi dispensation. Speculation had swirled around the Modi government that it might share the "gains of demonetisation" with the people through direct deposits...
More »Post-demonetisation, shell companies laundered at least Rs. 3,900 crore -Mahua Venkatesh
-Hindustan Times New Delhi: At least Rs 3,900 crore was laundered through shell companies between November-December after the ban on high-value banknotes, investigations by a central agency have found. The probe by the Serious Fraud Investigation Office (SFIO) has also identified at least 54 people who helped 559 beneficiaries with laundering the illicit cash, sources said. The government recalled 500 and 1000-rupee notes on November 8 in a move it said was aimed...
More »Where are we, three months after Modi's demonetisation move? -Roshan Kishore
-Livemint.com Windfall gains and remonetisation claims are still uncertain, but the Indian economy has suffered a short-term pain for sure On 8 November, 2016 Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs1,000 notes, which constituted 86% of the currency in circulation. Exactly three months later, where does the Indian economy stand today? In an interview to Mint after the Union budget, economic affairs secretary Shaktikanta Das claimed that...
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