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Note ban failed to curb the menace of counterfeit currency, indicates RBI's Annual Report

  Although containing fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...

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Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans

A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

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Arvind Kejriwal government delinks Aadhaar with widow, old age pensions

-TimesNowNews.com The Supreme Court had in March questioned the mandatory use of Aadhaar for drawing pensions by retired state employees. The 12-digit personal identification number is issued by the Unique Identification Authority of India. New Delhi: The Delhi state government has decided to delink the requirement of an Aadhaar card to access benefits due to widows and pensioners. In a message on Twitter, Delhi Chief Minister Arvind Kejriwal said: “Lot of...

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Manoranjan S Roy, RTI activist, interviewed by Ashutosh Sharma (National Herald)

-National Herald He fears for his life and safety of his family, admits the activist from Mumbai, explaining his reluctance to speak to the media and appear on TV. Visiting the national capital for filing his petition before the Supreme Court, Manoranjan S Roy resisted attempts to drag him to TV studios. Life for him had changed ever since his RTI applications revealed discrepancies between the supply and deployment of Electronic...

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An adviser with nobody to advise -TCA Sharad Raghavan

-The Hindu Arvind Subramanian brought heft and pizzazz to his role as CEA — but who was listening? Arvind Subramanian has had quite a paradoxical tenure as the Chief Economic Adviser (CEA) to the Finance Minister. While he brought a lot of pizzazz and heft back to the usually staid Economic Surveys and lent his voice to a number of pressing economic issues, the government repeatedly failed to heed his advice or...

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