-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most...
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Four years since demonetisation: Cash in system steadily rising, at all-time high -George Mathew and Sandeep Singh
-The Indian Express After Rs 500 and Rs 1,000 notes were withdrawn from the system in November 2016, Currency with the public, which stood at Rs 17.97 lakh crore on November 4, 2016, declined to Rs 7.8 lakh crore in January 2017 soon after demonetisation. Four years after the government announced demonetisation on November 8, 2016, the Currency with public for the fortnight ended October 23, 2020 stood at a record high...
More »Demonetisation may have caused infant mortality to rise in key states, finds new study -Shoaib Daniyal
-Scroll.in The unprecedented reversal comes after 15 years of steady progress by India in reducing infant deaths On November 8, 2016, the Indian government undertook a drastic policy decision, choosing to ban high value Currency notes in circulation. Overnight, 86% of India’s Currency became worthless, throwing live and livelihoods in disarray. Now new research is pointing to the widespread impact this dislocation might have had on human development. A new paper by economists...
More »More than Rs 1 lakh crore worth of Rs 2,000 notes vanish in one year, shows RBI data
-Financial Express The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from Rs 6.5 lakh crore in the previous fiscal year 2018-19. Rs 1.1 lakh crore worth of high denomination notes of Rs 2,000 vanished from the system in just one year. The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from...
More »PM CARES Fund gets FCRA exemption without meeting pre-condition of CAG audit -Priscilla Jebaraj
-The Hindu Need to seek consent from PM CARES before giving info on FCRA exemption: MHA response to RTI The PM CARES Fund has received exemption from all provisions of the law meant to regulate foreign donations, although it does not seem to meet the pre-condition of being a body established and owned by the government whose accounts are audited by the Comptroller and Auditor General of India (CAG). Responding to a recent...
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