-The Hindu Shaktikanta Das says Rs. 12.44 lakh crore in invalid notes may not have come back to banks The Finance Ministry on Thursday said the Rs. 12.44 lakh crore figure reported by the Reserve Bank of India as the amount having been deposited in banks since the November 8 demonetisation announcement could be inflated due to double-counting. Department of Economic Affairs Secretary Shaktikanta Das said the RBI had infused three times the...
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Let people use old notes for necessities, says Supreme Court
-The Times of India NEW DELHI: The Supreme Court questioned the Centre on Thursday on the way it had handled the aftermath of demonetisation and asked why there was unequal distribution of new currency notes among people. Indirectly pointing towards recent raids in which people were caught with stash of new notes, a bench of Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud said that demonetisation...
More »What demonetisation-induced migration has exposed in Uttar Pradesh: A rural job scheme in shambles -Dhirendra K Jha
-Scroll.in Panchayats have no funds to hire and pay hordes of workers forced to return home from cities. demonetisation has exposed the fragile state of the government’s Mahatma Gandhi National Rural Employment Guarantee Scheme. In Uttar Pradesh, in particular, an ever-burgeoning army of migrant labourers returning to their villages for lack of work in the cities, as a direct result of the cash crisis, has led to a mad scramble for employment...
More »Rabi sowing slows demand for work under MNREGA in winter months -Sanjeeb Mukherjee
-Business Standard This is the time when farm labour is engaged in the fields which result in a dip in demand for work under MNREGA New Delhi: November is considered the best month for sowing of rabi crops as the winter starts setting in and the residual moisture in soil is still available, lowering farmers reliance on ground water. This is also the time, when farm labour is engaged in the fields and...
More »Plight of the migrants: Jobless labourers return home after demonetisation
-Hindustan Times Plight of the migrants: Jobless labourers return home after demonetisation Twenty-three-year-old Avinash Kumar is planning to postpone his sister’s marriage. The money he had saved, working at a sweatshop in New Delhi’s Mongolpuri, is all but gone. Kumar lost his job in about two weeks from the time Prime Minister Narendra Modi announced a ban on Rs 500 and Rs 1,000 notes, in a move that he termed as the biggest-ever...
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