-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...
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Demonetisation failed to make India a 'less cash' society -Vivek Dehejia and Rupa Subramanya
-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. Numerous...
More »Data Jugglery: Agri Achievements of Yogi in UP? -Subodh Varma
-Newsclick.in A fact check reveals the reality behind jaw dropping ‘achievements’ claimed by the BJP govt. in UP in full front-page ads in national dailies. On 13 June, Yogi Adityanath’s BJP govt. of Uttar Pradesh issued costly full page advertisements in national dailies with a slew of claims about how agriculture in the state has achieved unprecedented heights under the one-year old govt. the ads, adorned with smiling faces of Prime Minister...
More »Economy in a shambles: PC
-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...
More »Currency with public doubles from demonetisation low; hits record at over Rs 18 lakh crore
-PTI Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data. At the same time, the total currency put in circulation by the Reserve Bank has also more than doubled to over Rs 19.3 lakh crore -- from a low of about...
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