-The Economic Times Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again going out of the banking system with share of savings in form of cash touching decade high and that of deposits touching decade lows. While currency in circulation is at Rs 19.38 lakh crore is much higher than pre-demonetisation levels, household savings in form of cash and currency has surged to...
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60,000 Volunteers Descend on Kerala's Kuttanad for First-of-Its-Kind Clean-Up, Ministers Join In -Achyuth Punnekat
-News18.com The army of volunteers, INCluding ministers, electricians, plumbers, snake catchers, bureaucrats and others, will camp for the next three days in Kuttanad, the first area to be hit by the floods that have killed more than 300 people. Alapuzha: It’s not often that one sees Kerala’s khadar-clad ministers rack up their mundus, roll up their sleeves and get down to some thorough scrubbing. But the flood-ravaged state has forced every resident,...
More »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 »Jobs growth claims in India: a fact check -R Nagaraj
-Livemint.com The present government has INCentivized employers to comply with the EPF law by making their contribution for three years to expand formal sector employment Surjit Bhalla and Tirtha Das’ (B-D, hereafter) background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council (PMEAC) website (goo.gl/Y5CLtF)—a welcome initiative. It claims: “While there are no official employment...
More »Why reports of agriculture's demise are greatly exaggerated -Dipti Jain and Sayantan Bera
-Livemint.com Farming activities comprise more than half of the total average monthly INCome for agricultural households, as per the latest survey by Nabard Bengaluru/ New Delhi: Farmers may be looking for alternative avenues of INCome, but it is too soon to write off the significance of agriculture in rural India, data from the recently released Nabard All India Rural Financial INClusion Survey (NAFIS) shows. An initial reading of the survey findings seems to...
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