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Six years since demonetisation, cash with public at record high of ₹30.88 lakh crore

-PTI/ The Hindu The intent of the move, which was criticised by many experts for poor planning and execution, was to make India a "less cash" economy. Currency with the public has jumped to a new high of ₹30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move. At ₹30.88 lakh crore, the currency with the public is 71.84% higher than the...

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Cabinet approves additional subsidy for P&K fertilisers -Zia Haq

-Hindustan Times The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based subsidy (NBS) scheme New Delhi: The Cabinet Committee on Economic Affairs chaired by prime minister Narendra Modi on Wednesday approved an additional ₹51,875 crore subsidy for phosphatic and potassic (P&K) fertilisers for the rabi or winter-sown season, amid high global prices. The move will cushion prices of crop nutrients that are governed by the Centre’s nutrient-based...

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For beneficiaries of Delhi’s new EWS flats, it’s a wish they didn’t dare dream -Kanishka Singharia

-Hindustan Times One beneficiary thanked the PM for fulfilling their dream of owning a house after spending their lives in a slum. Hours ahead of prime minister Narendra Modi handing over the keys to 3,024 newly constructed flats for those belonging to Economically Weaker Sections (EWSs) in the Kalkaji area of Delhi, beneficiaries - mostly those rehabilitated from nearby slums - expressed their happiness to find a permanent dwelling for themselves. Modi inaugurated...

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Deliberative democracy -Namrata Jeph and Rajesh Ranjan

-The Telegraph Citizens’ participation in policy-making is an important factor in assessing the quality of democracy Within five days of the announcement of Agnipath, the scheme had been amended 10 times, raising the larger question concerning consultation in policy-making. The Bharatiya Janata Party-led National Democratic Alliance government has taken a number of policy decisions without public consultation — from demonetisation, which saw 60 changes in 43 days, to GST, which has been...

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PM expresses concern over high import bill of edible oils, fertilisers; calls for action in mission mode

-PTI/ The Tribune Says out of total imports, maximum is spent on edible oils, fertilisers and crude oil New Delhi: prime minister Narendra Modi on Monday expressed concern over India’s high import bill for edible oil, fertilisers and crude oil, and said there is a need to work in a mission mode to make the country self-reliant and reduce import dependence. With international energy prices soaring after the Russia-Ukraine War, India will spend...

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