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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...

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Demonetisation achieved objectives quite substantially: Government

-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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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,...

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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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GDP back series data: National Statistical Commission seeks public comment on panel report

-PTI New Delhi: The National Statistical Commission (NSC) has sought public comments on a panel report which showed that the economy grew at fastest pace under the Congress rule, amid a political row over the growth numbers. The report of the panel, constituted by the NSC, was made public last week. The government has maintained that the GDP Back Series Report 2011 was an unofficial document that has not been accepted by it....

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