-Scroll.in In Delhi’s largest industrial area, many are still struggling to find work. “If 99% of the demonetised currency has returned [to the Banking system], then why haven’t the jobs that demonetisation took away from us come back too?” asked Bajrang Yadav, 45, standing in a waterlogged lane outside his home in a slum cluster in West Delhi’s Mayapuri area last Sunday. Yadav was referring to the Reserve Bank of India’s annual report...
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Fact Check: India's growth did slump to 5.7%, but not due to 'technical reasons' as Amit Shah claims -Mayank Jain
-Scroll.in BJP chief’s claim that growth rate declined due to change in the methodology doesn’t hold much water. Data released on August 31 marked the sixth straight quarter of slowing growth for the Indian economy as the gross domestic product growth rate slipped to 5.7% in the first quarter of the current financial year. It was a sharp decline from 7.9% growth seen in the same quarter last year. Attempting to explain the...
More »Has no counting machines but using sophisticated tools to check scrapped notes: RBI
-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central Bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have...
More »Aadhaar is free, but enrolment centres fleece applicants -Neha Lalchandani
-The Times of India NEW DELHI: You need an Aadhaar number to buy a phone SIM and open a Bank account, but as people rush to enroll, some registration centres in the capital are illegally charging them hundreds of rupees for the service that is meant to be free. TOI found centres fleecing applicants in many places. In the Lal Kuan area of Badarpur, South Delhi, Laxmi, who earns Rs 150-200 a...
More »DeMo was ethically flawed -A Srinivas & Sandhya Rao
-The Hindu Business Line The possible gain arising out of tax compliance has come at too high a human cost ‘There are three kinds of lies: lies, damned lies, and statistics.’ – Benjamin Disraeli After the RBI’s latest revelations — of 99 per cent of the extinguished currency having returned to the Banks — media pundits and economists have wasted no time in saying that efforts to obliterate black money have failed. However,...
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