-Hindustan Times New Delhi: The demonetisation of Rs 500 and Rs 1,000 banknotes is unlikely to help the government suck out black money from the economy as hoarders keep a tiny portion of their ill-gotten wealth in hard cash, going by income-tax data. Cash recovery has been less than 6% of the undisclosed income seized from tax evaders, shows an HT analysis of data from tax raids from financial year 2012-13 onwards. In...
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How India's currency ban is hurting the poor -Soutik Biswas
-BBC India's latest crackdown on black money is turning out to be a nightmare for the poor and the middle class. Three days after 500 ($7) and 1,000 rupee notes were withdrawn as part of anti-corruption measures, hordes of panicky people are thronging banks and ATMS to deposit expired money and withdraw lower denominations to run their lives. The queues are getting longer and angrier, and despite the government's loud promises, banks and...
More »Smog costs million kids classes and a meal -Pheroze L Vincent
-The Telegraph New Delhi: Delhi's 1,800-odd municipal schools have declared a holiday tomorrow citing predictions of "very poor" smog and the health risk it poses, but critics rued that over a million poor children would miss their midday meals. Some parents said the slum children who go to these schools would be playing on the smoggy streets anyway if classes were closed. This is the first time so many schools will close in...
More »Tribal scholarship set to be tied to NET -Basant Kumar Mohanty
-The Telegraph New Delhi: The government is set to amend the guidelines for a scholarship scheme for tribal research students, linking selections to how they score in the National Eligibility Test that aspiring college teachers need to clear. Sources in the tribal affairs ministry said the proposed guidelines - that might also cap the age of applicants at 33 - could be notified before this month ends. At present, tribal candidates, irrespective of...
More »Farm distress: Gujarat's groundnut growers take a hit as prices plunge below MSP -Gopal Kateshiya
-The Indian Express After cotton last year, the BJP state government faces a fresh challenge ahead of late-2017 elections. Rajkot: GROUNDNUT FARMERS last week forced a suspension of auctions at the agriculture produce market committee (APMC) mandi in Amreli to protest against tumbling prices of Gujarat’s second biggest cash crop after cotton. The new groundnut-in-shell crop is fetching around Rs 3,500 per quintal, well below the minimum support price (MSP) of Rs...
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