-PTI As much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, RBI said today, prompting opposition to question the efficacy of the government's unprecedented note ban decision to curb black money and corruption. The Reserve Bank, which has so far shied away from disclosing the actual number of junked Currency deposited after November 8 last year, said in its Annual Report...

-Scroll.in The Economic Survey stated that long term benefits of the exercise are yet to materialise. It is now over nine months since the government suddenly withdraw 86% of India’s Currency in November but India’s Chief Economic Advisor Arvind Subramanian remains unsure if this note ban or demonetisation actually helped any sector of the Indian economy, the latest volume of Economic Survey tabled in Parliament on Friday suggests. The Chief Economic Advisor...

-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...

-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...

-The Times of India NEW DELHI: Ignoring the Supreme Court's prod to provide a fresh window to those who could not exchange scrapped Rs 500 and Rs 1,000 notes by last December 30 because of genuine difficulty, the Centre on Monday firmly said that no new opportunity would be given for the exchange of the outlawed Currency as it could be misused.Centre on Monday firmly said that no new opportunity would...