-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...
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Don't criminalise marital rape, may disturb institution of marriage: Government -Shalini Nair
-The Indian Express Section 375 of the IPC dealing with rape makes an exception for such instances within marriages and holds that “sexual intercourse by a man with his own wife, the wife not being under 15 years of age, is not rape” STATING THAT what “may appear to be marital rape” to a wife “may not appear so to others”, the central government took a stand against criminalising marital rape, in...
More »BJP MPs stall panel report flaying demonetisation
-The Times of India NEW DELHI: The parliamentary standing committee on finance failed on Tuesday to adopt two reports critical of the government — on demonetisation and on the revised formula for calculating growth — in the face of vocal opposition by BJP and some non-NDA parties. The report on demonetisation, circulated in the morning ahead of the committee meeting, said the measure had cost the economy 1% of GDP. The other...
More »'Make In India' yet to spur manufacturing, says panel
-The Hindu Parliamentary committee airs concerns over poor growth The Parliament’s Standing Committee on Commerce has questioned the country’s low manufacturing growth despite initiatives such as Make In India, Startup India and FDI reforms that are now more than two years old. The committee, led by BJP MP Bhupender Yadav, had expressed concerns about manufacturing growth averaging just 1.6% in the five years till 2015-16 and a 0.5% contraction in the sector in...
More »Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh
-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by...
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