-The Telegraph New Delhi: The Opposition today sought to nail the government on a technicality: not one of the 30-and-counting notifications issued by the finance ministry and the RBI on demonetisation has been tabled in Parliament. The issue was flagged by the Congress's Anand Sharma in the Rajya Sabha. He said tabling the RBI's notifications was mandatory according to a decision of the committee on subordinate legislation. In case of notifications issued...
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Vasectomy link to cash -Piyush Srivastava
-The Telegraph Lucknow: Puran Sharma needed cash to take care of his family's daily expenses. So he went to a health camp and got a vasectomy done. The 45-year-old day labourer returned home on Friday richer by Rs 2,000, though the money didn't come in 20 hundred-rupee notes as he had hoped it would. The amount would be transferred to his bank account. If Puran was a tad disappointed, the Uttar Pradesh villager...
More »Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul & Aanchal Magazine
-The Indian Express It could be “several months” before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates. New Delhi: As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November...
More »Unable to enter banks for seven days, scrap dealer commits suicide in Delhi
-Hindustan Times New Delhi: When seven days of standing in long queues outside banks yielded no results, a 35-year-old scrap dealer allegedly committed suicide by hanging from a ceiling fan at his house in northeast Delhi’s Mustafabad on Thursday night. Mohammed Shakeel was reportedly frustrated because he couldn’t exchange old notes worth Rs 5,000. He had to pay instalments of two loans as well. Shakeel’s family said he went to banks early morning,...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
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