-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have...
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In U.P., babies pay the price of poor medical infrastructure -Omar Rashid
-The Hindu Doctors in hospital where 30 babies died in a month likely to get clean chit. FARUKKHABAD (U.P.): Shaheen lives in a cramped, two-room tenement in the congested Khatakpura Izzat Khan lane in urban Farukkhabad. Her husband Dishad sells embroidery Scraps for a living. They have three daughters, aged 15, 10 and 6. In the dimly-lit room, Shaheen waits for Dilshad to return. Short on money, life is tough for the family....
More »It was the suddenness of demonetisation that added immensely to its costs, and nothing to its benefits -Shankar Raghuraman
-The Times of India blog Whatever its critics may say, there is one unambiguous achievement of the demonetisation drive. The Reserve Bank of India can surely now claim its rightful place in the Guinness or Limca books for the world record in time spent on a single count of currency notes. But what about the other benefits that the finance ministry claimed after RBI announced the results of this mahayajna of...
More »Raghuram Rajan breaks silence, says he wasn't on board for demonetisation -Rajesh Mahapatra
-Hindustan Times Raghuram Rajan makes the disclosure in his latest book -- I do what I do – which is a compilation of speeches he delivered on a wide range of issues as the RBI governor. Former RBI governor Raghuram Rajan has revealed that he did not favour demonetisation as he felt the short term economic costs associated with such a disruptive decision would outweigh any longer term benefits from it. Rajan...
More »NITI Aayog's three-year action plan on agriculture raises hope as well as concerns
-Down to Earth In a major digression from the current discourse on GM crops, the report claimed that the farmers in India have “enthusiastically embraced” GM seeds For the first time since the five-year plans were Scrapped, the NITI Aayog presented the three-year action plan last week. The report, which draws on recommendations made by the Task Force on Agricultural Development and a group of secretaries appointed by PM Modi at...
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