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Demonetisation led to 1% drop in GDP, says parliamentary report; BJP bans it

-MirrorNowNews.com The Bharatiya Janata Party (BJP) MPs on Tuesday stalled a parliamentary report which slammed demonetisation. The report mentioned that demonetisation led to a drop of one per cent in the country's GDP. New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned...

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Demonetisation achieved objectives quite substantially: Government

-PTI New Delhi: The government said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially” even as the Reserve Bank of India reported most of the demonetised currency was back with the banks. The RBI annual report released on Wednesday said 99.3% of Rs 500 and Rs 1,000 junked notes came back to banks. “I think demonetisation has achieved its objective quite substantially,” economic affairs secretary Subhash Chandra...

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Draft Data Protection Bill ready, may be submitted this week -S Ronendra Singh

-The Hindu Business Line Srikrishna panel seeks to meet Minister New Delhi: The much-awaited data protection policy may soon come out as the recommendations on the draft Data Protection Bill are ready, and can be submitted to the Minister of Electronics and Information Technology, any day within this week. An expert Committee chaired by retired Supreme Court judge BN Srikrishna has prepared the recommendations. The Committee was set up in December to study...

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Demonetisation effect: Demand for cash rises 7%, says RBI -Advait Rao Palepu

-Business Standard Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially. Mumbai: People’s demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public (CwP), or people’s demand for cash or currency, is 7...

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Turning crop residue into useful products -Jaideep Deo Bhanj

-The Hindu Project will be on display at IIT-Delhi’s Open House To come up with a solution to deal with air pollution in the Capital during the winter due to stubble burning, Kriya Labs, a start-up incubated at the Indian Institute of Technology-Delhi has come up with a method to convert agro-waste into pulp that can be used to make bioethanol, paper and tableware. Biodegradable The team, led by Professor Neetu Singh, said farmers...

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