-Livemint.com The possible macroeconomic consequences of demonetisation are cause for concern as cash is the lifeblood of the economy It is exactly one month since Prime Minister Narendra Modi announced the decision that Rs.500 and Rs.1,000 notes would cease to be legal tender acceptable for payments in settlement of transactions. There was some provision for exchange or deposit of old notes at banks, but with specified limits on sums and time. The past...

-PTI Shanti Bhushan appeared for the the petitioner NGO Common Cause that has challenged the Rules for setting up the Lokpal Search Committee. The Supreme Court on Wednesday expressed its disappointment over the Centre for not appointing Lokpal despite Parliament enacting a law in this regard in January 2014. While the Centre said that the amendment bill is pending in Parliament to include the leader of largest opposition party, a bench headed...

-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...

-Hindustan Times New Delhi: The country’s human rights watchdog has issued notices to the Madhya Pradesh government and state police for the shooting of eight Islamist prisoners who had escaped from a Bhopal jail. The National Human Rights Commission sent notices the state’s chief secretary, director general of police, director general of prisons & inspector general of prisons for the killing alleged activists of the Students Islamic Movement of India. The men fled...

-PTI New Delhi: The average annual rate of appointment of judges in the High Courts has not declined during the last two years, though no new appointments were made during April-December 2015 due to hearing of the NJAC matter, government sources said. Rapped by the Supreme Court for delaying judicial appointments, the government has said that it has increased the sanctioned strength of High Court judges from 906 to 1,079 and insisted...