-National Herald He fears for his life and safety of his family, admits the activist from Mumbai, explaining his reluctance to speak to the media and appear on TV. Visiting the national capital for filing his petition before the Supreme Court, Manoranjan S Roy resisted attempts to drag him to TV studios. Life for him had changed ever since his RTI applications revealed discrepancies between the supply and deployment of Electronic...
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Ahmedabad District Cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply
-IANS A district cooperative bank, Ahmedabad District Cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district cooperative banks...
More »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 »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...
More »An unexceptional economic performance -Pulapre Balakrishnan
-The Hindu It is now clear that the Indian economy is moving along a lower growth path At the end of May the Central Statistics Office (CSO) released much-awaited estimates of national income for the final quarter of the 2017-18 financial year. The timing coincided with the completion of four years in office of the National Democratic Alliance (NDA) government. In a propaganda blitz, surging through the Net, the government embraced the...
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