-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

-Scroll.in Public Distribution System dealers have strict instructions not to distribute rations without Aadhaar-linked authentication. Kairi Tidu, aged 10 years or so, was wearing her school uniform at a recent public hearing on the Public Distribution System in Khunti, Jharkhand, because she had nothing better to wear for the occasion. She explained how her family had been deprived of Public Distribution System rice during the last few months. Her parents have migrated...

-Hindustan Times New Delhi: At least Rs 3,900 crore was laundered through shell companies between November-December after the ban on high-value banknotes, investigations by a central agency have found. The probe by the Serious Fraud Investigation Office (SFIO) has also identified at least 54 people who helped 559 beneficiaries with laundering the illicit cash, sources said. The government recalled 500 and 1000-rupee notes on November 8 in a move it said was aimed...

-TheWire.in A report from several civil society actors has found that the Right to Information Act is not functioning as it should be. New Delhi: Two organisations working in the field of right to information assessment and advocacy and a publishing house have come together to bring out ‘Tilting the Balance of Power: Adjudicating the RTI Act for the Oppressed and the Marginalised’, which is a detailed analysis of the orders of...

-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...