-TheNewsMinute.com The normal deposits ranging from Rs 500 to Rs 5000 have recently increased to Rs 10000. Due to the recent demonetisation of higher value notes, people in Telangana and Andhra Pradesh are finding new ways to escape the system. Telangana has witnessed a sudden decrease in the number of ‘Zero Balance Accounts’ of Pradhan Mantri Jan Dhan Yojna from 26 lakh to 23.6 lakh. Nearly 2.5 lakh accounts were suddenly awash...
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Note demonetisation: What of the women who hide cash to feed their children or to escape abuse? -Nishita Jha
-Scroll.in A large section of women in India are out of the banking system, and the currency withdrawal has hit them hard. The helpline rang all day at the women’s crisis centre in Bhopal, Madhya Pradesh, on Wednesday. Counsellors took calls from women wondering what to do with their hard-earned savings after Prime Minister Narenda Modi in a surprise television address to the nation the night before had announced the demonetisation of...
More »Demonetisation Fallout: Cashless Villagers Loot PDS Shop in MP's Chhatarpur Village -Manoj Sharma
-News18.com Bhopal: Cashless villagers in Madhya Pradesh's Bardua village looted a public distribution system shop (PDS) after its owner refused them to accept the now-defunct Rs 500 and Rs 1,000 currencies for groceries on Friday, sources told CNN-News18. A group of villagers turned up at the shop to buy food grains and an altercation ensued between them and shop owner Munnilal Ahirwar after the later refused to accept the currencies, Police said....
More »2 lakh heavy diesel vehicles to go off Delhi roads today -Rumu Banerjee & Somreet Bhattacharya
-The Times of India NEW DELHI: Nearly 2 lakh heavy diesel vehicles more than 15 years old will not be allowed to ply in the city from Sunday. They cannot be parked here either. The transport department has drawn up a list of 1.91 lakh such vehicles that it has deregistered on the orders of the National Green Tribunal. Senior government officials said the list had been sent to the traffic Police...
More »Prabhat Patnaik, economist and professor emeritus at Jawaharlal Nehru University, interviewed by Jahnavi Sen
-TheWire.in In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes. On November 8, Prime Minister Narendra Modi addressed the nation at 8 pm and announced that Rs 500 and Rs 1000 notes would no longer be legal tender after midnight that night. This move was needed to tackle the “disease of black money,” he said. Since then, their have been numerous reports of how...
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