-The Telegraph Mumbai: Research by the State Bank of India suggests currency notes of higher denominations, especially Rs 2000 notes, are "not getting adequately circulated in the economy" and the tendency to hoard cash may be having a domino effect. An SBI research report tries to provide a theoretical basis for the sudden evaporation of cash in some states by linking the phenomenon to the sharp decline in "income velocity" in the...

-The Telegraph New Delhi: The government's spending on the rural job scheme increased 10 per cent in the last fiscal despite a matching decline in the number of beneficiaries because of deletion, challenging claims that weeding out bogus card-holders helped cut down on expenditure and pointing to the lack of jobs in rural areas. After verification, the government struck off the names of 1.62 crore job card-holders under the Mahatma Gandhi National...

-Down to Earth The Centre's discussions on boosting the goat sector to double farmers’ incomes may be futile if fodder and grazing lands, both diminishing, are not ensured Since goats were domesticated 10,000 years ago, they have been poor people’s most reliable livelihood insurance. In India, goats are the most reliable source of earning a living in ecologically degraded areas. The reason: a goat has everything a poor or a person...

-The Indian Express As against this claim, the Reserve Bank of India's latest data shows that the public sector banks could recover a total of only Rs 15,786 crore in the fiscal year 2016-17 and 2017-18 till December 31 through all recovery channels, including IBC. The BJP claimed on its Twitter account on Saturday that the “Insolvency and Bankruptcy Code (IBC), 2016 has resulted in recovery of Rs 4 lakh crore out...

-The Hindu Jaitley blames ‘spurt in demand’; Congress recalls note ban Amidst reports of a cash crunch from different parts of the country, Union Finance Minister Arun Jaitley said the government was “tackling the issue quickly” to overcome a “temporary shortage” caused by a sudden spurt in demand. But with hash tags #cashcrunch and #ATM trending on Twitter all day, Opposition leaders launched a scathing attack on the government. Minister’s assurance Responding to the currency...