-Livemint.com RBI’s testimony to parliamentary panel shows the bank had warned the government of possible inconvenience to the public for some time New Delhi/ mumbai: India pushed ahead with its decision to demonetise high-value banknotes even as the Reserve Bank of India’s (RBI) own board expressed concern whether the cash could be replaced quickly enough, the central bank has said in written testimony to parliament. The revelation comes amid growing criticism about whether...
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Government spends Rs 3.09 per Rs 500 currency note: RTI
-IANS RBI buys the currency notes from the Bharatiya Reserve Bank Note Mudran Pvt Ltd mumbai: The Reserve Bank of India (RBI) spends Rs 3.09 for each Rs 500 note as cost towards paper, printing and other charges, an RTI query has revealed. The information was given here on Friday to mumbai Right To Information activist Anil Galgali on his query on the printing costs incurred by the government for printing Rs 500...
More »Teacher questions education status report
-The Times of India mumbai: Just before the release of the popular Annual Status of Education Report (ASER), a government teacher in the state has raised concerns over the methodology employed in its preparation. ASER is a popular report on the learning levels of children across states. The report is to be revealed in New Delhi on Wednesday. Ranjitsinh Disale, a ZP school teacher from Solapur, wrote to Pratham, the NGO which...
More »World Bank to fund reclamation of saline lands in Maharashtra -Rahul Wadke
-The Hindu Business Line mumbai: The World Bank will fund a Maharashtra government project for reclaiming saline lands, spread over 5 lakh hectares affecting 1,000 villages in the State. A significant percentage of the lands are in the farmer’s suicide-prone Vidarbha region. The project is a part of the larger umbrella project called Climate Resistant Agriculture, which will receive ?4,000 crore joint funding from the Bank and Maharashtra government. The World Bank will provide...
More »'Have money, can't lend!' -TCA Sharad Raghavan
-The Hindu The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare. “It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both...
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