-The New Indian Express CHANDIGARH: Farmers in Haryana and Rajasthan blocked highways in Haryana and Rajasthan as part of a nation-wide protest against the death of five farmers at Mandsaur in Madhya Pradesh allegedly in police firing. A group of 62 farmers’ unions had announced that it will block traffic for three hours on all national highways across the country on Friday. In Haryana, major highways of the state, including National Highway 1...
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There is a human cost of development projects, says new report
The term 'development' holds a positive connotation for most policymakers. However, there are examples abound, which indicates that development also cause enormous misery to the people, particularly the poor and the marginalized. Take for instance, the organizing of 2010 Commonwealth Games, due to which massive infrastructural development in the national capital was undertaken when Sheila Dikshit was the Chief Minister of Delhi. It has been estimated that almost 2 lakh...
More »Staff crunch: Taxman may not be able to scan more than 700,000 bank deposits -Dilasha Seth
-Business Standard / PTI Only about 1% of total assessees might be probed; warning against Parking cash in others' accounts Hobbling with a paucity of staff, the income tax (I-T) department might find it difficult to assess more than 600,000-700,000 cases a year, though the government has suggested that people depositing a minimum of Rs 2.5 lakh cash in their bank accounts during the ongoing demonetisation drive will come under scrutiny. On Sunday,...
More »Demonetisation: Zero balance accounts suddenly awash with cash in Andhra, Telangana
-TheNewsMinute.com The normal deposits ranging from Rs 500 to Rs 5000 have recently increased to Rs 10000. Due to the recent demonetisation of higher value notes, people in Telangana and Andhra Pradesh are finding new ways to escape the system. Telangana has witnessed a sudden decrease in the number of ‘Zero Balance Accounts’ of Pradhan Mantri Jan Dhan Yojna from 26 lakh to 23.6 lakh. Nearly 2.5 lakh accounts were suddenly awash...
More »How Well Does India Understand Inflation? -Deepanshu Mohan
-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
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