SEARCH RESULT

Total Matching Records found : 429

What the RBI Should Do to Minimise the Impact of Demonetisation -Surajit Das

-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...

More »

Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf

-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...

More »

Jan Dhan Deposits double to Rs. 87,000 cr., come under I-T lens

-The Hindu Deposits in Jan Dhan account have more than doubled to Rs. 87,000 crore in 45 days post demonetisation, prompting the tax department to “dissect” information relating to such Deposits, a top government official said. Besides, the tax department also has data on small cash Deposits between Rs.30,000-50,000 made in 4.86 lakh accounts totalling to Rs. 2,000 crore. Between November 10 and December 23, 2016, the total Deposits reported is Rs. 41,523...

More »

The pursuit of unreason -Prabhat Patnaik

-The Telegraph A distinguished Ugandan social scientist of Indian origin,whom I happened to meet earlier this month at an academic conference, told me that Narendra Modi's demonetization reminded him of the fiat in 1972 of the Ugandan dictator, Idi Amin, that all Asians should quit Uganda within a period of three months. His analogy, of course, would be considered inapposite for an obvious reason: expelling people from their places of domicile,...

More »

90% of scrapped notes back in system, big dividend unlikely

-The Times of India NEW DELHI: Of the Rs 15.4 lakh crore worth of Rs 500 and Rs 1,000 notes that were scrapped as a resulted of PM Narendra Modi's November 8 declaration, as much as Rs 14 lakh crore has been deposited in banks. The value of scrapped currency exceeded the government's expectation that as much as Rs 3 lakh crore will not be returned as this would be part of...

More »

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close