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Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul & Aanchal Magazine

-The Indian Express It could be “several months” before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates. New Delhi: As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November...

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Supreme Court bans firecrackers in NCR to tackle pollution problem -Priyanka Mittal

-Livemint.com Supreme Court directed the Centre to suspend the licenses of firecracker manufacturers and sellers and not hand out fresh licenses till further orders New Delhi: The Supreme Court on Friday banned the manufacture and sale of firecrackers in the national capital region (NCR) to stem air pollution in Delhi and neighbouring towns. A three-judge bench headed by T.S Thakur, Chief Justice of India, directed the Centre to suspend the licenses of firecracker...

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Foreign cash for parties

-The Telegraph New Delhi: The Centre today told the Supreme Court that political parties that received donation from Indian subsidiaries of foreign companies could not be said to have flouted the Foreign Contribution Regulation Act as Parliament had amended the relevant provision in 2010. Neither the BJP nor the Congress had, therefore, violated the FCRA in receiving donations from the Vedanta Group's Indian subsidiaries between 2007 and 2009, the Centre contended. Hence,...

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SC refuses to stay demonetisation proceedings in other courts -Krishnadas Rajagopal

-The Hindu The Supreme Court on Wednesday has refused to stay proceedings in cases filed in other High Courts and lower courts against the demonetisation of Rs. 500 and Rs. 1000 notes. A bench led by Chief Justice of India TS Thakur said the petitions in the various courts highlight "the different inconveniences highlighted in the various cases filed across the country, maybe some relief can be had by these people". Earlier, the...

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Not consulted on scrapping drug pricing agency: Chairman -Vidya Krishnan

-The Hindu New Delhi: Days after it was revealed that the Centre is likely to dismantle the National Pharmaceutical Pricing Agency (NPPA), its chairman said the decision was ‘rushed’ and the agency was not consulted. “There were two meetings and the NPPA was not a party to them. Both meetings were held at short notice. This has been a rushed decision. For any policy change, there needs to be consultation. I understand...

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