-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...

-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...

-Scroll.in A large section of women in India are out of the banking system, and the currency withdrawal has hit them hard. The helpline rang all day at the women’s crisis centre in Bhopal, Madhya Pradesh, on Wednesday. Counsellors took calls from women wondering what to do with their hard-earned savings after Prime Minister Narenda Modi in a surprise television address to the nation the night before had announced the demonetisation of...

-The Hindu Court rejects argument that disclosing names will violate right to privacy The Supreme Court made it clear to the Centre on Tuesday that it could not take shelter under the confidentiality clause for not disclosing all names of black-money account holders it had received from abroad. At the outset, Attorney-General Mukul Rohatgi told the court, "We (government) are not interested in hiding any information from the court. This government constituted the...

-Outlook Transparency promotes democracy, more the reason for political parties to come under RTI Act's purview There was great public outrage when legislators in Mumbai beat up an assistant police inspector because he stopped an MLA's car for speeding on the Bandra-Worli sealink. The sentiment was: What arrogance! How can lawmakers have so little respect for the laws they themselves made? How­ever, the amendment in Parliament aimed at removing political parties...