-PTI New Delhi: There is no information available about officials whose views were taken before the decision to demonetise high-value currency notes was announced by Prime Minister Narendra Modi on November 8, the Prime Minister’s Office (PMO) has said. The PMO also refused to answer a query on whether the chief economic advisor (CEA) and the finance minister were consulted before the sudden announcement was made, saying the query does not come...
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What the RBI Should Do to Minimise the Impact of Demonetisation -Surajit Das
-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
More »After Ignoring Mandated Maternity Entitlements, Modi Makes a Recycled Promise -Jahnavi Sen
-TheWire.in The Rs 6,000 announced by the prime minister as universal maternity entitlements is already mandated under the National Food Security Act 2013, although the government has chosen not to implement it yet. New Delhi: In his New Year’s Eve address to nation, Prime Minister Narendra Modi made some bizarre claims about the nature of the economy and the use of black money. But a large chunk of his speech was focused...
More »Promises Modi Made on New Year's Eve
-TheWire.in While Modi’s statements about the economy fall flat when compared to data, most of the promises the prime minister made are simply new packaging on old schemes. New Delhi: Prime Minister Narendra Modi made a lot of claims about how money and the economy function in his New Year’s Eve address. These statements were made with his usual confidence and flourish, with the air of someone without the slightest doubt. But look...
More »Politicians Can't Use Religion, Caste to Seek Votes, Rules Supreme Court
-TheWire.in New Delhi: The Supreme Court on Monday ruled that politicians cannot seek votes on the grounds of caste, creed or religion. The landmark judgment came while the court revisited a judgment from 1995 that equated Hindutva with Hinduism and called it a “way of life” and said a candidate was not necessarily violating the law if votes were sought on this plank. Several petitions filed over the years have challenged that verdict....
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