-Scroll.in Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones. On November 8, 2016 the Rs 500 and Rs 1,000 notes were “demonetised”. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi,...
More »SEARCH RESULT
Total Matching Records found : 1158
Prices of 50 essential drugs slashed by up to 44%
-PTI NEW DELHI: Prices of over 50 essential drugs including those used for treatment of HIV infection, diabetes, anxiety disorders, bacterial infections, angina and acid reflux have been capped by the government, leading to a price cut in the range of 5 per cent to 44 per cent. The National Drug Pricing Regulator has also fixed the retail prices of 29 formulations. "NPPA has fixed/revised ceiling prices of 55 scheduled formulations of Schedule-I...
More »Much to farmers' dismay, Centre slashes prices of non-timber forest products -Anupam Chakravartty
-Down to Earth Modi government’s attempt at rationalising prices of forest products is likely to hit Adivasi farmers the most At the time when there has been demand for increasing the minimum support prices for various agricultural products, the NDA government has gone ahead and slashed the prices of forest produce on which livelihoods of several forest-dwelling tribes depend. Stating the need to rationalise the minimum support price (MSP) as they...
More »Cash goalpost is changed, again -Jayanta Roy Chowdhury
-The Telegraph New Delhi: The RBI has said deposits of demonetised notes with a value of over Rs 5,000 would be allowed just once in a bank account between now and December 30. The announcement not only lengthened the list of abrupt changes enforced since the note recall was announced on November 8 but also fuelled suspicion that the government is trying to dissuade people from depositing demonetised notes. The value of such...
More »No rush to deposit, says FM; Why haven't you done so, says RBI
-The Times of India NEW DELHI: The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned "on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier" and only after a "satisfactory explanation" will the money be deposited. This flies in the face...
More »
