-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...
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Economic growth likely to be consumption-led
-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade,...
More »Rain pounds Mumbai to standstill; no relief in sight -Gautam S Mengle
-The Hindu Suburban train services on all three lines suspended, to be resumed in phases Mumbai: Heavy and incessant rain in Mumbai, which began in the early hours of Tuesday and continued unabated throughout the day, brought the city to a virtual standstill, with lakhs of people stranded across the city as transport systems collapsed. According to the India Meteorological Department, the city had recorded 297 mm of rain. The BMC, the Mumbai...
More »Privacy impact on beef -R Balaji
-The Telegraph New Delhi: The Supreme Court today said that yesterday's nine-judge verdict declaring privacy a fundamental right could have a bearing on the Maharashtra government's ban on the slaughter of bulls and bullocks last year. "Of course, the judgment will have an impact on these cases.... If necessary, we may refer these cases to a larger bench," the bench of Justices A.K. Sikri and Ashok Bhushan told a batch of petitioners. "I...
More »Kharif sowing continues to be subdued
-The Hindu Business Line Only crops to have registered an increase in area under cultivation were cotton and sugarcane New Delhi: The shortfall in sowing of oilseeds and pulses has continued to BRIng down the total area under cultivation during the current kharif season as compared to the previous year. Farmers across the country have so far covered only 1,013.83 lakh hectares (ha) by end of this week as compared to 1,019.6 lakh...
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