-The Economic Times MUMBAI: As India struggles with demonetization, individuals and businesses are using old currency notes to settle debts while income tax officials are at a loss how to go about imposing 200% penalty -- as announced by a senior finance ministry official -- on such funds flowing into banks. Firms are clearing dues to suppliers, depositing cash in bank accounts to repay old loans, and buying memberships of clubs, SPAs...
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Dead since birth, Jan Dhan accounts now flush with cash -Yogesh Dubey & Aditya Dev
-The Economic Times AGRA: A large amount of cash has suddenly started flowing into previously inactive Jan Dhan accounts in the aftermath of the demonetisation of Rs 500 and Rs 1,000 notes. The Jan Dhan Yojana was launched in August 2014 with an aim to bring the poor into the fold of banking facilities, and empower them financially by encouraging savings, and easing loan delivery and direct cash transfer. Accounts opened at the...
More »Rs 500 and Rs 1,000 ban: Narendra Modi govt has created 50-day hawala window for old notes -Narayanan Madhavan
-Firstpost.com Think of it as a 50-over one-day cricket match, with each day equivalent to an over. The game has just begun. The government of India, popularly known as Modi sarkar, has just created a 50-day hawala window for those with black money – albeit in a loose sense. The term hawala is usually used for illegal trade in foreign exchange going back to the times before 1993 when India had tight...
More »CAG faults top private charitable hospitals for billing poor patients -Sumitra Deb Roy
-The Times of India Mumbai: In an audit of 11 leading private charitable hospitals in the city, the Comptroller and Auditor General (CAG) of India has found that seven were wrongly billing poor patients and charging hefty deposits during admission. Most hospitals reserved less than the stipulated number of beds for the poor, thereby depriving many of quality healthcare. The charity commissioner too has been pulled up for bad implementation of...
More »How malnutrition is killing kids of a mineral-rich Odisha tribal village -Subodh Varma
-The Times of India Bamnipal/ Sukinda: Between March and June this year, at least 12 children died in Nagada village, located in the forests of Odisha's Jajpur district. The underlying reason for their deaths was malnutrition, local medical authorities and community workers said. The village population is solely of the Juang scheduled tribe, one of India's ancient tribes, declared 'particularly vulnerable' by the government. For the past two months, a chicken pox...
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