-TheWire.in The cashless future that demonetisation promised never came, and many in rural Marathwada scoff at the idea. Aurangabad: Ten months after currency notes of Rs 500 and Rs 1,000 were scrapped on November 8 last year, the ghost of demonetisation continues to haunt Deepak Badavne. In early November, Badavne had harvested 31 quintals of cotton from his 2.5 acre farm. He expected good returns on it. “The trader arranged for the truck...
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The Dynamics of 'Sahucars' and Farmers in Maharashtra's Villages -Parth MN
-TheWire.in Private moneylenders are a major source of loans across the region, and with the collapse of banking in rural areas, their role has only grown. Baliram Kadpe is critical of the Maharashtra government. “Farmers do not get the minimum support price [for their crops, from the state],” he says with concern. “And it is tedious for them to acquire crop loans.” Kadpe believes if the state ensures that farmers have access...
More »'Over-invoicing by power companies': PIL in Delhi HC seeks SIT probe against firms -Khushboo Narayan
-The Indian Express The Directorate of Revenue Intelligence (DRI) is currently investigating over a dozen firms, including firms of the Adani Group, Essar Group and Reliance ADAG Group, among others for alleged over valuation of Indonesian coal imports and power equipment imports between 2011 and 2015. Delhi-based NGOs, Centre for Public Interest Litigation and Common Cause, have filed a writ petition in the Delhi High Court seeking an SIT investigation into the...
More »When farmers got Re.1 loan waiver
-The Hindu Over 17,260 persons in Uttar Pradesh get relief of just Rs. 1,000 or less Over 17,260 farmers in Uttar Pradesh have received loan waiver certificates for only Rs. 1,000 or less under a scheme in which the BJP government had promised to waive farm loans of up to Rs. 1 lakh. Of the 17,262 farmers, 4,814 got loan waivers of amounts between Rs. 1 and Rs. 100, while 6,895 received...
More »As money flowed back in, how goalposts were shifted -Manoj CG & Ravish Tiwari
-The Indian Express A scrutiny of RBI’s earlier provisional disclosures and the government’s structured public remarks reveal a pattern: aware that much of the money would return, the government and the political establishment kept shifting the goalposts. New Delhi: “Tab (previous UPA) aawaz uthti thi ki kitna gaya, ab aawaz uth rahi hai ki kitna laye. Isse bada jeevan ka santosh kya ho sakta hai…Yahi toh sahi kadam hai…Woh zamana tha tab...
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