-The Indian Express The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. New Delhi: The government’s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577...
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Gorakhpur-like tragedy in Farukhabad: Oxygen shortage claims lives of 49 children in August
-PTI As many as 49 children died in the last one month and an FIR was registered last night by the city magistrate, the sources said. Chief Minister Yogi Adityanath's office took cognisance of the matter and directed District Magistrate Ravindra Kumar to conduct a probe Farukhabad (U.P.): Forty-nine children died at the district hospital over the past month in Farukhabd allegedly due to lack of oxygen following which an FIR...
More »No information on how much black money removed by note ban, says RBI
-PTI NEW DELHI: The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban. Stating that an estimated Rs 15.28 lakh crore in junked notes has come back "subject to future corrections based on verification process", the Reserve Bank also said it...
More »If Anything, Demonetisation Slowed the Rate of Increase in Income Tax Base -James Wilson
-TheWire.in Year-to-year growth in the number of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation). I am finally able to resolve the jigsaw puzzle of the number of tax payers added during FY 2016-17. In my last ARTicle in response to the clarifications issued by the Ministry of Finance on August 18, I pointed out the inconsistencies in their response. For instance, “Instead...
More »Farmers' suicides in Punjab: Looking beyond indebtedness -Sher Singh Sangwan
-The Times of India Punjab, the leader of green revolution during the '70s, has become disreputable for farmers' suicides in last two decade or so. Usually, these suicides are attributed to farmers' indebtedness to banks and commission agents. However, it is to be noted that bank credit has played a pivotal role in investment into tubewells, tractors, farm mechanization, horticulture, dairy, poultry and forestry all over India, and especially in Punjab and...
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