-The Hindu Delay in monsoon has compounded the problems of farm labourers from Bahour commune Puducherry: The double whammy of demonetisation and delay in monsoon has crippled the rural population of Puducherry as they struggle to make their ends meet. The demonetisation move has brought the construction activity across the rural areas to a standstill, throwing thousands out of jobs and without money. The construction sites in rural areas of Bahour, Villianur, Mannadipet...

-The Indian Express While the increase in balance in accounts in public sector banks was 56 per cent, it was 66 per cent in private sector banks. New Delhi: In the two weeks after the Centre’s demonetisation move, the total balance in Jan Dhan accounts increased by nearly 60 per cent, online data updated by the government on Saturday revealed. While the total deposit in Jan Dhan accounts was Rs 45,637 crore...

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

-The Economic Times Farmers accustomed to decades of government policy failure are willing to bear the pain caused by the government’s decision to recall Rs 500 & 1000 bills, but engineering a systematic failure of the rural cooperative banking sector would be an unpardonable desecration. Earlier rural bank branches were given a step motherly treatment: Rural cooperative bank branches were not replenished with lower denomination currency, while the newer higher denomination notes...

-The Hindu The decision is intended to convey that there is no going back on Narendra Modi’s announcement. New Delhi: Having resolved to stay the course and see through the implementation of the Prime Minister’s decision on withdrawal of 500- and 1000-rupee notes from circulation, the Union Government late on Friday night announced that a team of officials from the centre was being rushed to different States for a spot assessment of...