-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
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Demonetisation Alone Can't Turn Agricultural Markets Cashless -Nidhi Aggrawal and Sudha Narayanan
-TheWire.in A large chunk of India’s farmers continue to depend on commission agents and not formal institutions for credit, thereby relying on cash. It is now official. Demonetisation has led to an implosion of agricultural trade in the country. In the week following demonetisation, soyabean arrivals in select major states had collapsed by 87% relative to average arrivals over the week preceding demonetisation. The figures were 55% for paddy, 61% for guar,...
More »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...
More »Goa will be first state to go cashless from December 31
-The Times of India PANAJI: Goa is likely to become the first state in India to go cashless from December 31, as people will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile. There will be no need to carry your purse for purchases and the profession of pickpocketers may become extinct soon, as all transactions will be done...
More »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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