-TheWire.in In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes. On November 8, Prime Minister Narendra Modi addressed the nation at 8 pm and announced that Rs 500 and Rs 1000 notes would no longer be legal tender after midnight that night. This move was needed to tackle the “disease of black money,” he said. Since then, their have been numerous reports of how...
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Show me the money -Ila Patnaik
-The Indian Express Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. The sudden and dramatic announcement by the Prime Minister banning Rs 500 and Rs 1,000 notes issued by the Reserve Bank of India has a number of objectives. Among them are tackling counterfeit notes, curbing black money and restricting finance for subversive activities. While progress will be made by...
More »Will Modi's big currency-scrapping gamble yield results? -Roshan Kishore
-Livemint.com Demonetization could cause temporary pain to those who have unaccounted incomes One of the biggest issues which helped Prime Minister Narendra Modi capture power in 2014 was the promise to crack down on corruption and black money. Midway in his tenure, he has announced scrapping of currency notes of Rs.500 and Rs.1,000 to curb black money and other illegal activities such as counterfeiting of notes and money laundering. Given the fact...
More »Govt servants may get 'shield' from prosecution, agencies will need approval to probe
-The Times of India NEW DELHI: All government servants may get a 'shield' from prosecution as the Centre has okayed changes in the Prevention of Corruption Act to make it mandatory for investigating agencies like CBI to take its prior approval before initiating an investigation against them. Union minister of state for personnel Jitendra Singh on Thursday said the purpose behind mandating prosecution sanction for government officers under the anti-graft law was...
More »Rs 500 and Rs 1000 notes scrapped! Don't panic, here is your full guide on what to do at banks and ATMs
-The Financial Express In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 currency notes worthless! In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 currency notes worthless! And, that must have surely left you wondering what you will do with your stash of money in denominations of Rs 500 and Rs 1000. While there will be...
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