-PTI More stonewalling from the ‘Reserved’ Bank of India New Delhi: Were the views of the chief economic advisor and the finance minister taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not come under the definition of information under the transparency...
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Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the Scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
More »Cabinet clears ordinance to punish people holding banned notes beyond deadline -Suchetana Ray
-Hindustan Times New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a “high amount” of Scrapped banknotes. The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with. The ordinance allows exchange...
More »90% of Scrapped notes back in system, big dividend unlikely
-The Times of India NEW DELHI: Of the Rs 15.4 lakh crore worth of Rs 500 and Rs 1,000 notes that were Scrapped as a resulted of PM Narendra Modi's November 8 declaration, as much as Rs 14 lakh crore has been deposited in banks. The value of Scrapped currency exceeded the government's expectation that as much as Rs 3 lakh crore will not be returned as this would be part of...
More »Farmers forced to dump their produce as note ban turns bumper crop worthless - Srinivasa Rao Apparasu, Brajendra K Parashar, Punya Priya Mitra & Manoj Ahuja
-Hindustan Times Farmers across India are battling a steep fall in wholesale vegetable prices and are forced to discard their produce as a nationwide cash crunch following the Scrapping of high-value banknotes hurts demand. The crash in wholesale prices comes at a bad time for farmers, who reaped a bumper crop and were hoping for good returns to make up for losses induced by two straight drought years. Please click here to read...
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