-The Indian Express "There is no question of PM’s speech...if PM says March 31, 2017 but the law says December 30, 2016, the law will prevail over the PM. Let’s be clear about that first," the A-G submitted before a bench led by Chief Justice of India J S Khehar The Central government’s top law officer, Attorney General Mukul Rohatgi, told Supreme Court Tuesday that the “law will prevail over” Prime Minister...
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Macroeconomic Impact of Demonetisation: A Preliminary Assessment -RBI
-eSocialSciences.org The analysis in this paper suggests that demonetisation has impacted various sectors of the economy in varying degrees; however, in the affected sectors, the adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017 and dissipated by and large by mid-February, reflecting the fast pace of remonetisation. The latest CSO estimates suggest that the impact of demonetisation on GVA growth was...
More »Post-note ban, Rs 35,000 crore cash stash flooded MP banks -Ankur Sirothia
-The Times of India BHOPAL: More than Rs 35,000 crore of stashed cash was pulled out of hidden lockers of corporates and individuals and deposited in 25 major banks within 60 days of demonetisation in Madhya Pradesh, reveal documents accessed by TOI. More than 40% of these accounts are under I-T surveillance, say sources. Money in Pradhan Mantri Jan Dhan Yojana accounts rose by Rs 461 crore after the note ban —...
More »DeMo shift challenged in SC by new mother -R Balaji
-The Telegraph New Delhi: A mother of newborn twins has challenged in the Supreme Court the RBI's decision not to accept demonetised notes till March 31 in spite of the Prime Minister giving such an assurance to the nation. Sudha Mishra, through her counsel Animesh Kumar, pleaded that she was expecting in November last year when the demonetisation was announced by Prime Minister Narendra Modi. The Delhi-based Mishra was then at her...
More »Top 15 parties deposited Rs 167 crore during note ban, BSP tops list, shows data -Appu Esthose Suresh
-Hindustan Times New Delhi: The Bahujan Samaj Party (BSP) made the highest cash deposit among political parties during 50 days of demonetisation, reveals data analysis by the Financial Intelligence Unit (FIU) and the Income Tax department (I-T). The top 15 national and regional political parties deposited Rs 167 crore during demonetisation, data accessed by HT has revealed. Besides Rs 104 crore cash deposit by the BSP, other 14 parties have put Rs...
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