-The Indian Express The demonetisation deadline ends on December 30, and a day later, the I-T officers are expected to complete their scrutiny assessment work. New Delhi: Even if just one per cent of the total 40 crore bank accounts are red-flagged as “suspicious” during analysis by the Income-Tax department after sifting through data made available to it by banks, the tax officers would be saddled with a staggering 40 lakh...
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Before Demonetisation, the Mystery of Rs 3-Lakh Crore Deposits in 15 Days -Ishan Bakshi and Nitin Sethi
-TheWire.in The second fortnight of September saw Rs 3 lakh crore of Time Deposits, something unique, followed by liquidation of Rs 1.2 lakh crore of these right after. New Delhi: From September 16 to 30, a staggering Rs 3.03 lakh crore of Time Deposits – fixed and recurring – were made at banks. This has never happened in any fortnight since January 2001. September 16 is also the date from which the Reserve...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Demonetisation: Politics trumps economics -Deepak Nayyar
-Livemint.com The possible macroeconomic consequences of demonetisation are cause for concern as cash is the lifeblood of the economy It is exactly one month since Prime Minister Narendra Modi announced the decision that Rs.500 and Rs.1,000 notes would cease to be legal tender acceptable for payments in settlement of transactions. There was some provision for exchange or deposit of old notes at banks, but with specified limits on sums and time. The past...
More »Ranchi to produce organic fertilizer from vegetable, kitchen wastes -Sanjoy Dey
-Hindustan Times Ranchi: Kitchen waste and heap of vegetables dumped at wholesale markets will no longer be the food for stray animals in the city. The wastes will now be processed and converted into organic fertilizer under Swachh Bharat Mission. Taking a cue from Hyderabad, Ranchi civic body has installed low-cost fertilizer manufacturing units at Khadgara vegetable market on Tuesday to convert the wastes into organic fertilizer. The initiative was started as trial...
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