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Cost of Modi's demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI

-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...

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Demonetisation failed to make India a 'less cash' society -Vivek Dehejia and Rupa Subramanya

-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. Numerous...

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Year after Mandsaur farmer deaths, Rs 1 crore compensation has changed little -Mohammad Hamza Khan

-The Indian Express While they were given compensation of Rs 1 crore and a government job, families say the root causes of farmers' problems are yet to be addressed and that they were yet to get justice. Mandsaur (M.P.): A year after six farmers were killed in Mandsaur during an agitation for better prices, their families are still angry and most plan to attend Congress president Rahul Gandhi’s rally on Wednesday. While...

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Tardy govt risks spoiling benami drive

-PTI New Delhi: The attachments of over 780 benami assets, worth crores, risk being invalidated because of the government's failure to create a designated adjudicating authority in the 19 months since enforcing a stringent law against black money and corruption. The Centre had amended the Benami Property Transaction Act of 1988 and enforced the tighter version on November 1, 2016, days before Prime Minister Narendra Modi demonetised 1,000-rupee and 500-rupee notes. Section 7...

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Aruna Roy, social activist and Magsaysay Award winner, interviewed by G Sampath

-The Hindu The social activist whose new book on the RTI is just out, worries about the doublespeak in politics today, where rhetoric and substance never match The past couple of months have been hectic for Aruna Roy. The social activist and Magsaysay Award winner has been travelling across the country to promote her book, The RTI Story: Power to the People, which came out in April. After waiting more than a...

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