-TheWire.in The Rs 6,000 announced by the prime minister as universal maternity entitlements is already mandated under the National Food Security Act 2013, although the government has chosen not to implement it yet. New Delhi: In his New Year’s Eve address to nation, Prime Minister Narendra Modi made some bizarre claims about the nature of the economy and the use of black Money. But a large chunk of his speech was focused...
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Promises Modi Made on New Year's Eve
-TheWire.in While Modi’s statements about the economy fall flat when compared to data, most of the promises the prime minister made are simply new packaging on old schemes. New Delhi: Prime Minister Narendra Modi made a lot of claims about how Money and the economy function in his New Year’s Eve address. These statements were made with his usual confidence and flourish, with the air of someone without the slightest doubt. But look...
More »I-T raids uncovered Rs 4,663 crore of undisclosed income since demonetisation
-The Times of India NEW DELHI: Over Rs 4,663 crore of undisclosed income has been detected by the Income Tax department as part of its country-wide operations against black Money hoarders post the demonetisation of two high value currencies by the government. "The department has also seized Rs 562 crore, including Rs 110 crore worth new notes, during the raids," news agency ANI said while quoting the I-T sources. According to...
More »Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Usurers cash in as bank loans to farmers dry up -Bhavika Jain
-The Times of India MUMBAI: Demonetisation seems to have helped private Moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave Moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
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