-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for...
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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...
More »North Block verdict: Wilful neglect -Imran Ahmed Siddiqui
-The Telegraph New Delhi: Union home ministry sources today blamed the Haryana government's "wilful neglect" and "abject surrender to lumpen elements" for yesterday's mayhem by Dera Sacha Sauda followers. "Initial assessment reports from the ground suggest a complete administrative and police failure. There was no leadership and no instruction from the police brass to deal with the mob. The will was lacking," a senior ministry bureaucrat told The Telegraph . "It points to...
More »Despite floods, India faces 5% rain deficit -Amit Bhattacharya
-The Times of India NEW DELHI: The flood fury in Assam, Bihar, Bengal and Uttar Pradesh has taken attention away from poor monsoon rains in large parts of the country in August. The month has so far seen a 24% rain deficit (till August 18), with central India in particular reeling under a prolonged break in the monsoon. The lull in rains has opened up a huge 58% shortfall in central India,...
More »After June and July showers, a dry August
-The Indian Express The consolation this time, though, is the surplus showers during June and July. It has resulted in the cumulative rainfall for the four-month southwest monsoon season (June-September) being only 4.3 per cent below normal till August 16. New Delhi: The current month is turning out to be the driest August in eight years. The country as a whole has received 25.6 per cent less area-weighted rainfall during August 1-16...
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