-IANS RBI buys the currency notes from the Bharatiya Reserve Bank Note Mudran Pvt Ltd Mumbai: The Reserve Bank of India (RBI) spends Rs 3.09 for each Rs 500 note as cost towards paper, printing and other charges, an RTI query has revealed. The information was given here on Friday to Mumbai Right To Information activist Anil Galgali on his query on the printing costs incurred by the government for printing Rs 500...
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Imperilled as Supreme Court Signals Imminent End of Ordinance Raj
-TheWire.in Re-promulgation of ordinances is illegal, the apex court ruled, in a judgment that will be applicable to all central ordinances, including demonetisation. Thanks to a recent Supreme Court judgment declaring the re-promulgation of ordinances unconstitutional, the government’s effort to validate demonetisation through ordinances may come to naught. The Specified Bank Notes (Cessation of Liabilities) Ordinance, promulgated in December to give effect to demonetisation, faces the risk of becoming unconstitutional if re-promulgated after...
More »Class III hope in poor progress report
-The Telegraph New Delhi: A survey of children's learning levels has found that Class V and Class VIII students performed as poorly in arithmetic in 2016 as they did in 2014 but Class III kids did marginally better. The Annual Status of Education Report (ASER) released today also found little change in the enrolment figures in private schools. About 30.5 per cent children of the 6-14 age group were enrolled in private...
More »Silently, India's supreme court has set off a chain of events that could torpedo Modi's demonetisation move -Shubhankar Dam
-Quartz India On Dec. 30, 2016, Indian prime minister Narendra Modi cajoled president Pranab Mukherjee into promulgating the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016. Two days later, on Jan. 02, 2017, the supreme court, in a separate matter, delivered a verdict that changed the law of ordinances in powerful ways. It scrubbed out old meanings, unearthed new ones, and further garrisoned judges’ hold on the constitution. A prohibitive change...
More »House panel criticises RBI governor for inability to answer demonetisation questions
-The Economic Times Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation. "Patel was unable to tell us how much money has come back to the Banks," said Saugata Roy, TMC MP. "The governor was unable to tell us that how much old currency has come into the Banks," added Saugata Roy. Sources also quoted...
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