-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
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Now RBI Cites 'Threat to Life' Exemption to Deny RTI Query on Demonetisation Decision
-PTI More stonewalling from the ‘Reserved’ Bank of India New Delhi: Were the views of the chief economic advisor and the finance minister taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not come under the definition of information under the transparency...
More »Usurers cash in as bank loans to farmers dry up -Bhavika Jain
-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
More »Politicians Can't Use Religion, Caste to Seek Votes, Rules Supreme Court
-TheWire.in New Delhi: The Supreme Court on Monday ruled that politicians cannot seek votes on the grounds of caste, creed or religion. The landmark judgment came while the court revisited a judgment from 1995 that equated Hindutva with Hinduism and called it a “way of life” and said a candidate was not necessarily violating the law if votes were sought on this plank. Several petitions filed over the years have challenged that verdict....
More »Supreme Court terming seeking votes based on religion illegal, a positive development: CPI
-PTI New Delhi: The CPI on Monday welcomed Supreme Court holding that appeal for vote on ground of religion amounts to "corrupt practice", but said the issue of caste and language needs to be addressed "carefully". The party also wondered if the order can be taken as negation of the apex court's earlier verdict that Hinduism is a "way of life". Monday's verdict also held that appeal for voting on the grounds of...
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