-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...
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Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura
-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...
More »Haryana’s deficit payment scheme still a work in progress, I learnt in my mandi visits -Yogendra Yadav
-ThePrint.in Farmers, farm leaders, economists and policy makers would do well to study this scheme carefully as it shows a possible path to the future. Anew model? Or another fiasco in the making? I kept asking my colleagues and myself as we travelled across the semi-arid bajra growing belt of south Haryana. We stopped at a few mandis — Rewari, Kanina, Ateli, Narnaul, Dadari and Bhiwani — and spoke to farmers, adhatiyas...
More »Urban poor bearing the brunt of high inflation: Crisil
-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...
More »UN Food Systems Summit marginalizes human rights and disappoints, say experts
-United Nations Human Rights Office of The High Commissioner GENEVA 22 SEPTEMBER 2021: On the eve of the Food Systems Summit, UN human rights experts are deeply concerned that the event will not be a “people’s summit” as promised. They are worried that the Summit will instead leave behind the most marginalized and vulnerable people. According to the three human rights experts, who were involved in the Summit preparation, “The Summit claims...
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