-Hindustan Times Village Khokh (Patiala): Nek Singh Khokh fears he might wilt, just the way the saplings in his sprawling nursery might. Ever since Prime Minister Narendra Modi unveiled his demonetisation plan, scrapping big denomination currency to drain the economy of Black money and counterfeits, Khokh has been struggling to pay labourers to tend to his saplings. The owner of a nursery, some 25 km west of the Punjab town of Sirhind, Khokh...
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Time to blow the whistle -Yogendra Yadav
-The Hindu Parliament is considering an amendment to the Prevention of Corruption Act which would only end up helping the corrupt. Its passage would administer a big blow to our already weak anti-corruption mechanism As the nation engages in a doubtful “war on Black money”, we run the risk of disengaging ourselves from any action on corruption, the fountainhead of Black money. Indeed, we may be moving backwards in the battle against...
More »R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)
-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and Black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...
More »I-T staff bodies cry over manpower blues to PM Modi -Dilasha Seth
-Business Standard Say old Rs 500 and Rs 1,000 notes coming back to banking channels in much higher proportion than expected New Delhi: Burdened by the deluge of suspected Black money cases after demonetisation of high denomination currency, two staff associations of income tax (I-T) department have in a recent letter to Prime Minister Narendra Modi said they are reaching the breaking point. "Personnel and infrastructure are severely short," the Income Tax Employees...
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...
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