-PTI NEW DELHI: To promote cashless transactions in rural areas, the Government will use MNREGA network to train and guide people, Union Minister Narendra Singh Tomar today said. "I will request our officials that following the prime minister's advice of promoting cashless transactions we should use our MNREGA network to train and guide people in the rural areas about cashless transaction," Tomar said here at an event to announce geo-tagging of over...
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Cauliflower sells for Rs one a kilo in one Bihar market as demonetisation depresses demand -M Rajshekhar
-Scroll.in Buyers are cutting back on consumption, traders are losing margins, and farmers are paying their workers in kind. At first glance, it looks like any other day at the mandi in Bettiah. Trucks stand next to the concrete arch that leads into the fruit and vegetable market in this small town in northern Bihar. Inside the mandi samiti, as the precinct is called, hawkers sit with baskets bursting with vegetables. The shops...
More »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 »Demonetisation and the economy: Signs of distress everywhere -Ankur Bhardwaj
-Business Standard Indian economy is showing signs of distress all around and economists are not off the mark in their assessment When prime minister Narendra Modi addressed the nation on November 8 and announced his government’s big move to tackle black money, currency counterfeiting and terror funding by banning old currency notes of Rs 500 & Rs 1,000, there were murmurs of protest. Since then, economists like Amartya Sen, Kaushik Basu and many...
More »Modi govt says demonetisation strikes black money; RBI data says it's a damp squib -Sandipan Sharma
-Firstpost.com There is a famous couplet by Iqbal that, if loosely translated, goes like this: There must be something about us that ensures we are never destroyed or decimated even when the world has been our enemy for ages. Now, apply that to the current war on illegal cash by the Narendra Modi government: It seems there is really something about Indian cash that ensures its survival. Note the figures. On 8 November,...
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