-The Times of India BIJNOR: Despite the government's announcement that old Currency notes can be used to buy seeds, the sowing of wheat has fallen significantly in West UP districts because the seed department has stopped giving them to farmers. According to agriculture department officials, seed centres have stopped selling them since November 24 although it is the peak of the wheat sowing season for the Rabi crop. The reason, officials...
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Why demonetisation notification is illegal and violates the Constitution -Namita Wahi
-The Economic Times One month after demonetisation, the Supreme Court is hearing several public interest petitions challenging the constitutional validity of the “demonetisation notification”, which declared that Rs 500 and Rs 1,000 notes would no longer be legal tender post midnight on November 8, 2016. The preamble to the notification stated that its objective was to eliminate fake Currency used for financing terrorism and to address the problem of “unaccounted money” in...
More »Post-demonetisation: Punjab farmers weather storm - with help from arhtiyas -Anju Agnihotri Chaba
-The Indian Express Credit, payment in old notes from grain commission agents ensures normal rabi planting operations. Jalandhar: Punjab farmers have so far got only about Rs 19,350 crore, out of the Rs 24,915 crore that was due for the 16.50 million tonnes paddy they had supplied to government agencies in the recent kharif procurement season at the minimum support price (MSP) of Rs 1,510 per quintal. But even with pending payments of...
More »I-T staff bodies cry over manpower blues to PM Modi -Dilasha Seth
-Business Standard Say old Rs 500 and Rs 1,000 notes coming back to banking channels in much higher proportion than expected New Delhi: Burdened by the deluge of suspected black money cases after demonetisation of high denomination Currency, two staff associations of income tax (I-T) department have in a recent letter to Prime Minister Narendra Modi said they are reaching the breaking point. "Personnel and infrastructure are severely short," the Income Tax Employees...
More »Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu -George Mathew & Priyanka Sahoo
-The Indian Express According to him, the Currency shortage in the country is unlikely to ease any time in the near future. Mumbai: India’s former Chief Economic Advisor and former chief economist of the World Bank, Kaushik Basu has warned the government that the economy would take a turn for the worse next year besides greater suffering for people in the days ahead and of a new form of corruption building...
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