-PTI NEW DELHI: India is one of the most generous countries for refugees, ensuring safety and employment to the displaced people in the best of her capacity, United Nations High Commissioner for Refugees (UNHCR) said on Friday. Yasuko Shimizu, the chief of mission for UNHCR in India and the Maldives, who was awarded the Indira Gandhi Prize for Peace, Disarmament and Development 2015, said that the country has helped refugees by providing...
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Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Why demonetisation notification is illegal and violates the Constitution -Namita Wahi
-The Economic Times One month after demonetisation, the Supreme Court is hearing several public interest petitions challenging the constitutional validity of the “demonetisation notification”, which declared that Rs 500 and Rs 1,000 notes would no longer be legal tender post midnight on November 8, 2016. The preamble to the notification stated that its objective was to eliminate fake currency used for financing terrorism and to address the problem of “unaccounted money” in...
More »Sowing season hit by demonetisation: Central team red-flag loss of rural jobs -Anubhuti Vishnoi
-The Economic Times NEW DELHI: The 81 bureaucrats, who were dispatched by the Centre in teams of three to study the impact of demonetisation on the ground, have red-flagged loss of livelihood in rural areas, particularly in the non-formal sectors, and highlighted the negative impact on the farm sector in the sowing season. Officials told ET that these confidential reports were submitted last week and are now being examined for further action....
More »Industries opt for lock down, cut work hours to tide over slump caused by demonetisation -Aakash Ahuja
-The Times of India RUDRAPUR: Many of the over 700 factories in the industrial belt of Udham Singh Nagar have either slowed down production or opted for a short-term lock down due to problems in transport of goods and a dip in demand. Demonetisation of currency notes of Rs 500 and Rs 1,000 has hit not just small industrial units but also giants like Parle and Britannia, many of which have...
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