-The Indian Express Finance Ministry says bank account holders must submit PAN by Feb 28 New Delhi: IN A new set of rules notified on Saturday, the Ministry of Finance has asked banks and post offices to furnish details of cash deposits made during April 1-November 9 last year for amounts adding up to Rs 2.5 lakh or more per person, in all accounts other than current accounts. For current accounts, banks and...
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Farmer suicides up 42% between 2014 & 2015 -Priyanka Kakodkar
-The Times of India MUMBAI: Farmer suicides in the country rose by 42% between 2014 and 2015, according to newly released data from the National Crime Records Bureau (NCRB). It recorded 5,650 suicides by farmers and cultivators in 2014. The figure rose to 8,007 in the latest data. Several states across the country battled severe drought in both 2014 and 2015. Some, including Maharashtra, experienced two successive years of drought. With 3,030 cases,...
More »Private firms collecting Aadhaar data not a great idea, says SC -Utkarsh Anand
-The Indian Express The apex court had earlier permitted voluntary use of Aadhaar cards in social welfare schemes such as LPG subsidy, PDS, MGNREGA, pension schemes and provident fund. New Delhi: THE SUPREME Court Thursday declined to expedite hearing of Aadhaar cases challenging the constitutional validity of the initiative but observed that data collection by private agencies might not be “a great idea”. Chief Justice of India J S Khehar made the remarks...
More »What the RBI Should Do to Minimise the Impact of Demonetisation -Surajit Das
-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
More »Notebandi takes the sauce out of Nashik's tomatoes -Aniket Aga & Chitrangada Choudhury
-RuralIndiaOnline.org Farmers in Maharashtra’s Nashik district – where one in every four tomatoes in India comes from – are destroying standing crops on a scale never seen before, following persistent rock-bottom prices since the November 8 demonetisation On Christmas morning, barely 24 hours after Prime Minister Narendra Modi laid the foundation of the Rs. 3,600 crore Shivaji statue in Mumbai, Yashwant and Hirabai Bendkule were slashing and uprooting the tomato vines on...
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