-Economic and Political Weekly Documents seized by the Income Tax Department in private corporations imply pay-offs were made to the PM and leading politicians. At 8 pm on 8 November 2016, as Prime Minister Narendra Modi took to a live broadcast on Doordarshan to make the historic announcement that the government was demonetising notes of Rs 500 and Rs 1,000, emphasising his commitment to ridding India of the “evils of corruption” and...
More »SEARCH RESULT
Total Matching Records found : 4530
Banning notes will not curb black money, says think tank that called for demonetisation -Shailesh Menon
-The Economic Times Until a couple of weeks ago, few had heard about Anil Bokil or the socioeconomic thinktank he founded, the Arthakranti Pratishthan. On the street, he would not even have invited a fleeting glance. This changed after the evening of November 8, when Prime Minister Modi announced his plans to “demonetise” Rs 500 and Rs 1,000 notes. Arthakranti Pratishthan has been credited with sowing the seeds of “demonetisation” in the...
More »Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva
-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
More »Small farmers, farm workers bear the brunt as cash becomes scarce
-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...
More »Demonetisation: If rural cooperative banks sink, so will farmers -Ajay Vir Jakhar
-The Economic Times Farmers accustomed to decades of government policy failure are willing to bear the pain caused by the government’s decision to recall Rs 500 & 1000 bills, but engineering a systematic failure of the rural cooperative banking sector would be an unpardonable desecration. Earlier rural bank branches were given a step motherly treatment: Rural cooperative bank branches were not replenished with lower denomination currency, while the newer higher denomination notes...
More »
