-The Hindu Cash in circulation and ATM withdrawals have only increased, RBI data shows Thursday, November 8, marks the second anniversary of the demonetisation exercise. It was on the same day in 2016 that Prime Minister Narendra Modi announced that ?1,000 and ?500 currency notes would no longer be legal tender. These notes constituted over 86% of the currency in circulation, then. One of the objectives of demonetisation was to move to a...
More »SEARCH RESULT
Total Matching Records found : 156
Demonetisation: A circus, clowns and a silver bullet -James Wilson
-National Herald Two years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of...
More »Rs 1 billion needed to recalibrate 240,000 ATMs for new Rs 100 notes -Nikhat Hetavkar & Arup Roychoudhury
-Business Standard The difference in dimensions of the old and new Rs 100 notes could pose a serious problem Mumbai/ Delhi: New Rs 100 notes will require a recalibration of 240,000 automated teller machines (ATMs) across the country, and the process will cost the industry about Rs 1 billion and take more than a year, said ATM operators. The Reserve Bank of India (RBI) announced on Thursday it would soon release lavender-coloured Rs...
More »In terms of ease, citizens of Nagri block in Ranchi dislike the pilot cash transfer-based PDS, reveals social audit
The outcome of a social audit (conducted in April this year) related to the pilot cash transfer programme in the public distribution system (PDS) in Nagri block (Ranchi district) has confirmed that most beneficiaries want back the normal ration system that existed previously. Yet the Jharkhand state government continues with the DBT-based PDS in Nagri block, instead of returning back to the older system, says a press release by the...
More »Not dry, but not in full flow either -S Bhuvaneshwari
-The Hindu Parched throats can bring down governments; hence leaders rush to claim credit for ‘water ATMs’ set up in villages Tumakuru/ Bagepalli (Karnataka): Early in 2016, in the grip of drought for the fourth straight year, people of Pathapalli were in a rage. Surrounded by barren flatlands and rocky hills along the Andhra Pradesh boundary, the village had been facing an acute drinking water shortage. The people went on a protest...
More »
