-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
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Did Modi receive over Rs 55 crore from the Sahara Group as the chief minister of Gujarat? -Paranjoy Guha Thakurta and Advait Rao Palepu
-Economic and Political Weekly Documents seized by the Income Tax Department in private corporations imply pay-offs were made to the PM and leading politicians. At 8 pm on 8 November 2016, as Prime Minister Narendra Modi took to a live broadcast on Doordarshan to make the historic announcement that the government was demonetising notes of Rs 500 and Rs 1,000, emphasising his commitment to ridding India of the “evils of corruption” and...
More »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...
More »Prof. Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by The Economic Times
-The Economic Times In a chat with ET Now, Abhijit Sen, Professor, JNU, says this is a whole sector in which there are very large cash demands for production at one or two points in time and this happens to be one. Edited excerpts * The government has hiked MSPs for rabi crop. How do you see the impact of higher MSPs for output and demand for rabi playing out? The increases are normal...
More »The Street Vendor's View -Arbind Singh
-The Indian Express Unorganised sector is worst-affected by demonetisation. Can banks go to them? An incident in 2000, during my initial years of work, woke me up to an uncomfortable question about post-economic liberalisation India. I was at a meeting with waste-pickers at Digha in Patna and a woman told me of her troubles with a Rs 500 note. She had saved money and changed it into a Rs 500 note, wrapped...
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