-Scroll.in From ATM logistics to deliberate lack of supply to Nirav Modi, there are many explanations for the shortage. One of the most unusual things about the cash crunch that is affecting a number of Indian states, which the Government officially acknowledged on Tuesday, is that the causes of the shortage are unclear. In various statements, Government officials have pointed the blame at an “unusual spurt” in currency demand, although they...
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Taxmen begin raids on hoarders of cash as Centre, RBI pump in notes -Sidhartha
-The Times of India NEW DELHI: Tax authorities have conducted 30-35 raids in Karnataka and parts of Andhra Pradesh as part of a drive to smoke out cash hoarders, even as the Government and RBI moved to pump in funds into some of the states facing a currency crunch. In Bihar, for instance, Rs 800-900 crore has been pumped in through the ATM network with initial assessments suggesting that the shortage may...
More »Big-note hoarding habit contagious
-The Telegraph Mumbai: Research by the State Bank of India suggests currency notes of higher denominations, especially Rs 2000 notes, are "not getting adequately circulated in the economy" and the tendency to hoard cash may be having a domino effect. An SBI research report tries to provide a theoretical basis for the sudden evaporation of cash in some states by linking the phenomenon to the sharp decline in "income velocity" in the...
More »Local, global experts likely to be roped in for National Health Scheme -Yogima Sharma
-The Economic Times New Delhi: The Government is planning to rope in domain experts from within and outside the country to ensure a smooth rollout and monitoring of ‘Ayushman Bharat’, its ambitious health insurance scheme for the poor. Niti Aayog, the Government’s premier think tank, will come out with guidelines for setting up the project monitoring unit (PMU) for Ayushman Bharat, also known as National Health Protection Scheme (NHPS), an official told...
More »NREGA spending up, beneficiaries fewer -Basant Kumar Mohanty
-The Telegraph New Delhi: The Government's spending on the rural job scheme increased 10 per cent in the last fiscal despite a matching decline in the number of beneficiaries because of deletion, challenging claims that weeding out bogus card-holders helped cut down on expenditure and pointing to the lack of jobs in rural areas. After verification, the Government struck off the names of 1.62 crore job card-holders under the Mahatma Gandhi National...
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