-The Hindu The ill-prepared move left India with all the damages and very few of the benefits On November 8, 2016, Prime Minister Narendra Modi announced that from midnight, ₹500 and ₹1,000 notes would no longer be considered legal tender in India. The government’s stated aim was to curb corruption and the pervasion of black money in the economy, as well as the proliferation of fake currency which was also being used...
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38 injured as skulk of foxes attack Bengal village
-PTI/ The Hindu At least 38 people were injured in an attack by a skulk of foxes in West Bengal’s Malda district on Thursday, police said. The incident happened in Hardam Nagar village in the Harishchandrapur police station area. A skulk of 15-20 foxes attacked several houses in the village at the break of the dawn, injuring at least 40 people, as most were caught by surprise, the police said. Twenty of them...
More »RBI imposes severe restrictions on this bank, imposes Rs 1,000 cap on withdrawals — check details
-PTI/ Financial Express As per the directions, the bank shall not, without the prior approval of the RBI, grant or renew any loans and advances, make any investment, incur any liability, and disburse or agree to disburse any payment. The Reserve Bank of India (RBI) on Friday imposed several restrictions on Laxmi Cooperative Bank Ltd, Solapur, including a Rs 1,000 cap on withdrawals for customers, due to deterioration in its financial position. The...
More »India's retail inflation rate rises marginally to 4.48% in October
-MoneyControl.com The CPI-based inflation in September 2021 was at 4.35 percent and in October 2020 it was 7.61 percent. India’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.48 percent in the month of October 2021, data released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed on November 12. There was a marginal increase in retail inflation in October due to an uptick in food...
More »Dipa Sinha, economics professor at Ambedkar University and lead campaigner with the Right to Food Campaign, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Dipa Sinha, economist and lead campaigner with the Right to Food Campaign, explains the myriad reasons for India faring worse on crucial hunger indicators and the way out. Economist Dipa Sinha, who teaches at the School of Liberal Studies at Ambedkar University, is actively involved with the Right to Food Campaign. In an interview with Newsclick, she explains why hunger is not an isolated concern but the result of a confluence...
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