-The Hindu After probe revealed a sudden surge in such deposits revealing various inconsistencies Account holders once again urged by Central Board of Direct Taxes not to consent to any kind of misuse of their accounts which would expose them to the dangers of being held responsible for the tax evasion by unscrupulous elements. Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in jan...

-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...

-Caravan Magazine “It was like hitting hard at the bird’s nest with a stone,” said P Somu, a Dalit migrant labourer, who travelled from Mudigubba mandal of Anantapur district in Andhra Pradesh to Cochin to work. He said, “It’s the same feeling I got after I was cheated by [the agro-based retail conglomerate] AgriGold. I had sold the cow and calf I loved.” When I met Somu on 12 November 2016,...

-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...

-Hindustan Times Sukhwant Singh, a farmer in Haryana’s Kurukshetra, had most of his 12 acres of agricultural land under paddy. After harvesting his crop, he set the paddy stubble on fire, burning it to the ground within a few hours. Singh and most other paddy growers in Punjab and Haryana, who are facing financial constraints due to falling productivity and dwindling returns, do not care about the ban on stubble burning put...