-MoneyLife.in Responding to a question raised by Rajya Sabha MP (member of parliament) Subramanian Swamy, the finance ministry informed the parliament that Rs10,720 crore worth of old Rs1,000 and Rs500 notes did not return into circulation after demonetisation.   According to the finance ministry, when demonetisation was announced on 8 November 2016, Rs15,41,793 crore worth of withdrawn notes were in circulation. The finance ministry revealed in its written reply that, after verification and...

-Business Standard On a positive note, the number of women aged 15-49 having bank or savings accounts they themselves used, rises to 78.6% compared to 58% in the previous survey; improvement in nutrition among kids and adults Anaemia among children and adults has worsened, with more than half of women and children reported to be anaemic in the fifth national family health survey 2019-21 of fourteen states released on Wednesday. Among children from...

The virility of Muslim men vis-à-vis men from other religious communities have often been used as a political tool and to create a divisive agenda just before elections for getting votes from the majority of the Indian electorate who are Hindus. Instead of focusing on positive agendas like human development, employment generation, and poverty reduction, political campaigns just before the elections oftentimes reduce to mere communal propaganda (when a lot...

-The New Indian Express Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and...

-MoneyControl.com The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue. On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at...