-NDTV New Delhi: The Election Commission has raised concern over the use of indelible ink in banks after the notes ban, saying the move should not affect the "election process in any manner". Five states will hold by-elections on Saturday. In a letter to the Finance Ministry, the Commission has said that several states will hold elections and there will be confusion as indelible ink also marks citizens who have already...
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Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)
-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit Money in the bank, the income tax people...
More »Distract from Ineffectual Governance, Say Civil Society Members -Nehmat Kaur
-TheWire.in As the unorganised sector continues suffering, civil society members, bankers and politicians remain sceptical of demonetisation’s impact on black Money. It is no secret that India’s informal sector, a largely cash-based economy, has taken a big hit because of demonetisation. While the government insists that the suffering is only temporary and worth it for cracking down on black Money, several representatives from the unorganised sector are presenting a starkly different account...
More »Prof. Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by The Economic Times
-The Economic Times In a chat with ET Now, Abhijit Sen, Professor, JNU, says this is a whole sector in which there are very large cash demands for production at one or two points in time and this happens to be one. Edited excerpts * The government has hiked MSPs for rabi crop. How do you see the impact of higher MSPs for output and demand for rabi playing out? The increases are normal...
More »As Cash Runs Dry, No Work For Migrants From Drought-Hit Bundelkhand -Aishwarya Iyer & Alok Pandey
-NDTV New Delhi/ Jhansi: It is 8 in the morning and for 60-year-old mason Amir Khan, a migrant from Uttar Pradesh's drought-hit Bundelkhand region, it looks like the day will involve yet another futile wait for work on a South Delhi road - the third such day in succession. Mr Khan is one among thousands from Bundelkhand who work as daily wagers in bigger cities each year, sending back Money to help...
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