-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »SEARCH RESULT
Total Matching Records found : 650
Demonetisation: In two weeks, 60% rise in total balance in Jan Dhan accounts -Shyamlal Yadav & Jay Mazoomdaar
-The Indian Express While the increase in balance in accounts in public sector banks was 56 per cent, it was 66 per cent in private sector banks. New Delhi: In the two weeks after the Centre’s demonetisation move, the total balance in Jan Dhan accounts increased by nearly 60 per cent, online data updated by the government on Saturday revealed. While the total deposit in Jan Dhan accounts was Rs 45,637 crore...
More »Cash drought shadow: Distress sale of paddy -Hemant Kumar Rout
-The New Indian Express BHUBANESWAR: Gopal Krushna Panda was happy to hear the announcement on demonetisation of higher currency notes with a hope that the black money will be wiped out. But his happiness was short-lived as the currency crisis gripped the nation. A native of Gopalpur village in Balasore district, Panda requires at least Rs 40,000 to harvest paddy from his 10 acres of agricultural field. While the paddy has already...
More »Demonetisation: Investigate unusual spurt in deposits
-The Economic Times A graphic on this page on Thursday showed a steep increase of Rs 4.8 lakh crore in bank Deposits in September over the August figure. This spurt, ahead of the demonetisation of Rs 1,000 and Rs 500 notes announced on November 8, was not seasonal. It needs to be inquired into, to rid the demonetisation drive of a possible taint in the form of suspicion that some people...
More »How farmers in Bundelkhand perceive demonetisation -Sayantan Bera
-Livemint.com Several Bundelkhand farmers contend that demonetisation is a direct attack on the class divide and has reduced the rising gap between the rich and the poor New Delhi: In April this year, before the monsoon set in on parched Bundelkhand, Ajay Tripathi was witness to countless cattle deaths and fellow villagers migrating in hordes to escape the aftermath of consecutive years of drought. For the young farmer from Uttar Pradesh’s Mahoba...
More »
