-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...
More »SEARCH RESULT
Total Matching Records found : 680
Demonetisation: BJP Talk of "Cash transfers" To Common Folk Is Sheer Deception -Prabhat Patnaik
-TheCitizen.in NEW DELHI: A bizarre argument is doing the rounds these days. It states that the cash which gets disabled in the “black economy” because of the government’s demonetization measure, would enable the government to undertake an equivalent amount of expenditure with impunity; it can therefore spend more on infrastructure and other essential areas, or simply provide Cash transfers to the people. BJP spokespersons who have been putting forward this argument, are...
More »Route all wages via bank accounts: Govt. -Vikas Dhoot
-The Hindu Industry has expressed concern over the directive New Delhi: The Centre has asked all employers and contractors to ensure that wages are paid to all employees, including casual and contract workers, through cheques or electronic transfers into a bank account. The Chief Labour Commissioner, under the Ministry of Labour and Employment, has also asked firms to get bank accounts opened for all those workers who do not have one already, and...
More »Bringing PDS out of the abyss -Anjali Bhardwaj and Amrita Johri
-Deccan Herald System overhaul: Transparency measures with strong accountability mechanisms can usher in change The National Food Security Act (NFSA) passed in 2013 gives statutory backing to the Public Distribution System (PDS). Up to 75% of the rural population and 50% of the urban population is entitled to receive food grain under the Act. Beneficiaries are categorised into priority households, entitled to 5 kg of subsidised grains per person per month, and Antyodaya...
More »Brace for more cash blues as the next salary date nears -G Naga Sridhar
-The Hindu Business Line Ensuring cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill...
More »
