-Hindustan Times While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets. November 8, 2021 marks five years of demonetisation in India. On this day in 2016, in a televised address at 8 pm, Prime Minister Narendra Modi declared that currency notes of ₹500 and ₹1000 -- these two denominations were 86% of the currency in circulation at the time in...
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5 reasons why cash is back in the economy after 5 years of demonetisation -Anand Adhikari
-BusinessToday.in Two years prior to demonetisation, the currency, as well as the nominal growth in the economy, was in the range of 10-12 per cent. But in the last two years, currency in circulation has grown by 14-16 per cent whereas the nominal GDP growth has been lower. Five years after demonetisation, the cash in the system is back at a much higher level. The government had demonetised the high-value notes of...
More »Five Years Since Demonetisation, Value Of Cash In Circulation Up 64% -Animesh Singh
-NDTV.com (with inputs from Agencies) The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21 Though the government had launched its sudden move of demonetisation to cull out black money by weeding out currency notes worth 500 and 1,000 rupees denomination out of the system, on November 8, 2016, the notes in circulation in value terms have increased by 64...
More »Milk at Largest Private Dairy Company Turns Sour for Workers - Sruti MD
-Newsclick.in Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign. With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported a massive 25% increase in net profit for the second quarter as against the same period in the previous year. Around the time the company planned...
More »Tripura police sends UAPA notice to Delhi-based lawyers for social media posts relating to fact finding on Tripura violence -Sabah Gurmat
--TheLeaflet.in THE West Agartala police station sent a notice under Section 41 of the CrPC, informing advocate Mukesh, a lawyer based in Delhi, of the case registered against him u/s 13 of the Unlawful Activities Prevention Act, 1967 (UAPA). A similar UAPA notice has been sent to advocate Ansar Indori of the National Confederation of Human Rights Organizations (NCHRO). Both lawyers were part of a recent fact-finding team to Tripura. The...
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