A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
More »SEARCH RESULT
Total Matching Records found : 2896
33 per cent rise in derailments
-The Hindu There has been a 33 per cent rise in the number of train derailments this fiscal compared to the previous year. “We have been able to reduce unmanned level crossing accidents to an extent. However, accidents due to derailment have gone up to 68 this year from 51 in the previous year,” Railway Board Member Traffic Mohd. Jamshed told a press conference here on Wednesday. He, however, said the total number...
More »Cabinet clears ordinance to punish people holding banned notes beyond deadline -Suchetana Ray
-Hindustan Times New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a “high amount” of scrapped banknotes. The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with. The ordinance allows exchange...
More »With Reduced Access to Healthcare, Demonetisation Deaths Are Likely Far Higher Than Reported -Bharat Dogra
-TheWire.in According to doctors working in hospitals providing low-cost treatment, the number of patients has reduced by about 30% since demonetisation. The recent debate on demonetisation-related deaths has taken place mainly in the context of people who died while waiting in bank queues or collapsed while standing in these queues and died soon after. In addition, there are those whose sudden death is being attributed to stress from not finding valid currency...
More »Why demonetisation is a disaster - detailed analysis of RBI data -James Wilson
-TheNewsMinute.com How much black money will get back into the system? As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as “Specified Bank Notes” (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh...
More »
