-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of Fake currency, squeezing funds available for...
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99% of scrapped notes back with banks, says RBI report
-The Times of India MUMBAI: The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks. The disclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned. In its annual report, the...
More »99% of junked Rs 500/1000 notes returned to banks: RBI
-PTI As much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, RBI said today, prompting opposition to question the efficacy of the government's unprecedented note ban decision to curb black money and corruption. The Reserve Bank, which has so far shied away from disclosing the actual number of junked currency deposited after November 8 last year, said in its Annual Report...
More »The draft laws for organic foods, if cleared, will adversely affect small farmers -Chandra Bhushan
-Hindustan Times The Food Safety and Standards Authority of India’s new certification regulation is going to hinder the growth of the sector. Instead of targeting small farmers, why not make laws that require mandatory labelling of foods grown with pesticides, chemicals or GMO etc? The Food Safety and Standards Authority of India (FSSAI) recently announced the Draft Food and Standards (Organic Food) Regulations, 2017, aimed at curbing sale of Fake organic...
More »SC order CBI probe into Manipur extra-judicial killings
-PTI The apex court asked the CBI director to constitute a team of officers to investigate the cases of extra-judicial killing in Manipur. The Supreme Court on Friday directed a probe by the CBI into the alleged extra-judicial killings by the Army, the Assam Rifles and the Manipur Police in the insurgency—hit State. A Bench of Justices M.B. Lokur and U.U. Lalit asked the CBI director to appoint a team of officers to...
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