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Govt admits big gaps in urban work force -Basant Kumar Mohanty

-The Telegraph New Delhi: About 57.57 per cent of India's urban population of 300 million has no source of income, socio-economic data released by the government last week suggests, prompting at least one analyst to wonder if this was the reason people were willing to queue up for the whole day to exchange cash. Thirty-seven per cent are engaged in work ranging from begging to government jobs, earning some income. About 5.90...

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How Demonetisation Is Affecting Migrant Labourers in Kerala -Rahul M

-Caravan Magazine “It was like hitting hard at the bird’s nest with a stone,” said P Somu, a Dalit migrant labourer, who travelled from Mudigubba mandal of Anantapur district in Andhra Pradesh to Cochin to work. He said, “It’s the same feeling I got after I was cheated by [the agro-based retail conglomerate] AgriGold. I had sold the cow and calf I loved.” When I met Somu on 12 November 2016,...

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Amid black cash hunt, Supreme Court moved on political gifts -J Venkatesan

-The Asian Age Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the CVC. New Delhi: Common Cause organisation has approached the Supreme Court regarding bribes paid to prominent politicians by corporate groups, as revealed during the raids by income tax department and the CBI in 2013 and 2014. Advocate Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the chief...

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When cash vanishes: A double-whammy -Parthasarathi Biswas

-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...

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Why govt's demonetisation move may fail to win the war against black money -Appu Esthose Suresh

-Hindustan Times New Delhi: The demonetisation of Rs 500 and Rs 1,000 banknotes is unlikely to help the government suck out black money from the economy as hoarders keep a tiny portion of their ill-gotten wealth in hard cash, going by income-tax data. Cash recovery has been less than 6% of the undisclosed income seized from tax evaders, shows an HT analysis of data from tax raids from financial year 2012-13 onwards. In...

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