-The Indian Express Six months later, it is clear that it achieved next to nothing, and inflicted a large cost on the poor and the informal sector. It was six months ago, on November 8, that India hit the headlines the world over, with its sudden demonetisation. It was announced in the evening that, at the stroke of the midnight hour, all bank notes of Rs 500 and Rs 1,000 would cease...

-The Hindu Business Line Farmers seen bringing more area under the fibre crop this year Ahmedabad / Bengaluru: Sowing of cotton has begun on a strong note in the key growing regions of North India such as Punjab and Haryana, and Southern Karnataka, for the 2017-18 season. Buoyed by the high prevailing prices, farmers are seen bringing in a larger area under the fibre crop and the seed industry expects acreages this year...

-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation...

-The Hindu Business Line Central bank says specified bank notes yet to be reconciled with the physical cash balances   New Delhi: Even six months after the demonetisation exercise, the Reserve Bank of India is yet to complete the accounting of the withdrawn Rs. 1,000 and Rs. 500 notes. The RBI has admitted as much in a 15-page response late in April to questions from the Standing Committee on Finance, headed by veteran Congress...

-PTI The government attaches the highest priority to job creation, says Arvind Panagariya The government has set up a task force headed by Niti Aayog Vice-Chairman Arvind Panagariya to recommend ways to deal with employment data discrepancies and come up with reliable solutions to promote job creation.   “A task force has been created under the chairmanship of the vice-chairman, NITI Aayog  Arvind Panagariya with Labour Secretary M Sathiyavathy, Secretary Statistics  T C A...