-The Indian Express Six months later, it is clear that it achieved next to nothing, and inflicted a large cost on the poor and the informal sector. It was six months ago, on November 8, that India hit the headlines the world over, with its sudden demonetisation. It was announced in the evening that, at the stroke of the midnight hour, all bank notes of Rs 500 and Rs 1,000 would cease...
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After 6 months, RBI still in dark on junked notes -AM Jigeesh
-The Hindu Business Line Central bank says specified bank notes yet to be reconciled with the physical cash balances New Delhi: Even six months after the demonetisation exercise, the Reserve Bank of India is yet to complete the accounting of the withdrawn Rs. 1,000 and Rs. 500 notes. The RBI has admitted as much in a 15-page response late in April to questions from the Standing Committee on Finance, headed by veteran Congress...
More »Cotton sowing begins on strong note -Rutam Vora and Vishwanath Kulkarni
-The Hindu Business Line Farmers seen bringing more area under the fibre crop this year Ahmedabad / Bengaluru: Sowing of cotton has begun on a strong note in the key growing regions of North India such as Punjab and Haryana, and Southern Karnataka, for the 2017-18 season. Buoyed by the high prevailing prices, farmers are seen bringing in a larger area under the fibre crop and the seed industry expects acreages this year...
More »UNESCAP: Note ban effect 'transient'; India to grow 7.1% in 2017 -Surabhi Prasad
-The Hindu Business Line Sees enhanced infra spending, higher consumption New Delhi: While noting that demonetisation of high value currency by the government last year will help bring in more taxpayers into the tax net, the United Nations ESCAP in a new report has said that more measures will be required to fight black money in the future. “The measure did not, by itself, impede future black money flows in new denominations. …...
More »70% chance of El Nino effect on South-West monsoon : WRMS -M Somasekhar
-The Hindu Business line Hyderabad: The chances of the El Nino phenomenon impacting the South West monsoon at its peak across India are 60 to 70 per cent, says Weather Risk Management Services (WRMS). El Nino, which refers to the formation of warm water undercurrents in the Pacific Ocean, has been known to have an adverse effect on global weather patterns and occasionally affect the rainfall during the Indian monsoon season. At the...
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