-PTI New Delhi: The government said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially” even as the Reserve Bank of India reported most of the demonetised currency was back with the banks. The RBI annual report released on Wednesday said 99.3% of Rs 500 and Rs 1,000 junked notes came back to banks. “I think demonetisation has achieved its objective quite substantially,” economic affairs secretary Subhash Chandra...
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Demonetisation led to 1% drop in GDP, says parliamentary report; BJP bans it
-MirrorNowNews.com The Bharatiya Janata Party (BJP) MPs on Tuesday stalled a parliamentary report which slammed demonetisation. The report mentioned that demonetisation led to a drop of one per cent in the country's GDP. New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned...
More »The 'Happy Seeder' in search of helping hands -Preeti Mehra
-The Hindu Business Line A campaign and fundraiser are trying to persuade farmers in Haryana and Punjab to opt for technology instead of using the polluting method of crop stubble burning in the sowing season this winter October-November are the cruellest months for people living in the National Capital Region. A heavy smog slowly drifts in and hangs in through the winter, sending particulate matter (PM) levels soaring to a hazardous degree....
More »How dams can control floods -Mathew Abraham
-The Hindu There should be space for greater storage of water in reservoirs before the onset of monsoon In the aftermath of any tragedy, people struggle to comprehend what happened and how to cope. Kerala is no different. With the floodwaters finally receding, a number of experts and politicians have stated various possible reasons for the tragedy. Some have cited ill-thought-out development plans that have affected the sustainability of the Western Ghats,...
More »99.40% of demonetised notes returned: RBI
-The Hindu Business Line Value of banknotes in circulation increased to Rs 18.03 lakh crore as at end-March 2018 Mumbai: Close to 99.40 per cent of specified bank notes (SBNs) of Rs 500 and Rs 1,000 denominations, which were scrapped in the November-December 2016 period, have been returned from circulation, according to the Reserve Bank of India's annual report. The report pegged the total SBNs returned from circulation at Rs 15.31 lakh crore....
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