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Demonetisation a massive, draconian, monetary shock: Arvind Subramanian

-IANS The former CEA says he does not think anyone disputes that demonetisation slowed growth. Demonetisation was a massive, draconian, monetary shock that accelerated economic slide to 6.8% in the seven quarters after it against the 8% recorded prior to the Note ban, says former Chief Economic Advisor Arvind Subramanian. Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed...

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Demonetisation: New currency notes issued in 2016 have become 'unusable' in 2 years

-National Herald It has now come to light that new currency notes with higher ‘security’ features introduced after demonetisation are quickly becoming ‘unusable’ within just two years of circulation It does seem like the PM Narendra Modi-led government simply cannot get anything right. It has now come to light that new currency notes with higher ‘security’ features introduced after demonetisation are quickly becoming 'unusable' within just two years of circulation. According to sources,...

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Madhya Pradesh Assembly Elections 2018: Note ban woes rankle in farm belt -Sandeep Phukan

-The Hindu Congress aims to tap into ryots’ anger. Simrol (Madhya Pradesh): Congress president Rahul Gandhi’s repeated attacks on Prime Minister Narendra Modi over demonetisation at election meetings in Madhya Pradesh led the Prime Minister to declare that Mr. Gandhi’s party is yet to revive from the “shock” inflicted by the Note ban. “Only the Congress and one family are still crying because what they had pilfered for four generations was lost in...

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PMO's refusal to disclose Raghuram Rajan's letter on bad loans is not legal, says CIC

-Scroll.in The PMO has a ‘moral, constitutional and political duty’ to reveal to citizens who are the defaulters and what action has been taken against them, it said. The Central Information Commission has directed the Reserve Bank of India and the Prime Minister’s Office to disclose the list of wilful defaulters as well as a letter on bad loans written by the former RBI Governor Raghuram Rajan to the Centre, PTI reported...

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CAG 'deliberately delaying' report on Rafale deal, demonetisation: Former bureaucrats

-The Economic Times NEW DELHI: Sixty retired bureaucrats have written to the CAG expressing concern over audit reports on demonetisation and the Rafale deal being "deliberately" delayed to not "embarrass" the NDA government till next year's general elections. In a letter, they said there was concern over the "unconscionable" and "unwarranted delay" in bringing out the audit reports on demonetisation and the Rafale fighter jet deal, and the reports should be...

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