-Outlook Six months after the announcement of demonetisation by Prime Minister Narendra Modi, the RBI has declined to share details of the note ban process, saying it would be detrimental to the country's economic interests. Replying to an RTI query, the central bank said disclosing such details may impede future economic or fiscal policies of Government of India. The Reserve Bank of India (RBI) was asked to provide a copy of the minutes...
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Deposit gush: CA Institute bats for special audit -KR Srivats
-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation...
More »Mission 2022: The Challenges of Doubling Indian Farmer Incomes in Five Years -Vishavjeet Chaudhary and Gursharan Singh
-TheWire.in Raising productivity, reforming land policies and solving the remunerative price mess will require massive amounts of public investment and political will. Is the Modi government up to the task? The Niti Aayog recently came out with its ‘Three Year Action Agenda’ – a plan that covers a time period that is politically crucial as it leads up to the 2019 Lok Sabha elections. In its chapter on agriculture titled ‘Agriculture: Doubling Farmer’s...
More »No plan to tax agri income; rich farmer very rare, says Arun Jaitley
-PTI Stating that the agriculture sector is under distress, he said farm holdings are very small in size Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is “a very rare institution” and not the norm. In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income. NITI...
More »TN against move to price groundwater for agriculture -T Ramakrishnan
-The Hindu State government preparing its response to the model groundwater bill circulated by Central government The State government does not favour the idea of pricing groundwater for agriculture. The government, which is fine-tuning its response to the model groundwater bill circulated by the Central government, feels that the text of the model bill provides scope for the idea, which, if translated into action, will only attract controversies, says a senior official. Though...
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