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Tamil Nadu: Lion's share of bank loans against gold, villages fall prey to loan sharks -Arun Janardhanan

-The Indian Express Census data of 2011 shows a 17.74 per cent increase in worker population since 2001, indicating a crucial shift from farms as productivity fell. Thiruvarur: B CHANDIRAN is the only male member below the age of 50 in Dalit-dominated Oradiymbalam Jeeva Nagar village in Nagapattinam district. Hunted by loan sharks, the other men in this village of over 60 families have left, and are now doing menial jobs...

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Par panel to summon RBI Governor Urjit Patel again on April 20

-PTI Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee. A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in Banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M...

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Is Aadhaar set to become the primary ID? -Tina Edwin

-The Hindu Business Line It appears so, going by the various steps taken by the government in that direction New Delhi: The government seems set to make the Aadhaar number issued by the Unique Identification Authority of India the primary identification number for all citizens of the country for not just delivery of services and benefits but also to keep track of financial transactions of each individual and curb tax evasion. This is...

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Macroeconomic Impact of Demonetisation: A Preliminary Assessment -RBI

-eSocialSciences.org The analysis in this paper suggests that demonetisation has impacted various sectors of the economy in varying degrees; however, in the affected sectors, the adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017 and dissipated by and large by mid-February, reflecting the fast pace of remonetisation. The latest CSO estimates suggest that the impact of demonetisation on GVA growth was...

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Farm loan waiver is no solution to farmers' woes -Tamal Bandyopadhyay

-Livemint.com The focus should be more on making the prime minister’s crop insurance scheme a success than demanding farm loans waivers from Banks Last week, the Indian National Congress at the Maharashtra assembly submitted a breach of privilege notice against State Bank of India chairman Arundhati Bhattacharya for “insulting farmers and the House” by her remarks on farm loan waiver. The leader of the opposition in the state assembly, Radhakrishna Vikhe Patil,...

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