-Hindustan Times The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative Banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive. According to a recent report by the income tax department, most Banks have indulged in money laundering after the Narendra Modi government announced Ban on high-value Bank notes of Rs 500 and Rs 1,000 from...

-The Hindu Business Line Non-loanee farmers availing insurance may be far fewer than data claim Last January, Prime Minister Narendra Modi introduced a new crop insurance scheme with the aim of bringing 50 per cent of the country’s farmers under insurance cover in three years. Data shows that in kharif 2016 — the first season after the scheme’s launch — crop insurance coverage had risen. However, despite the Centre’s claims, this growth is...

-PTI Pune: The Rashtriya Swayamsevak Sangh's labour arm has asked the Narendra Modi government to take note of the "immediate adverse side effects" of demonetisation while welcoming what it called a "rare" opportunity to help those less privileged. The Bharatiya Mazdoor Sangh also cautioned the government against pressuring people to go digital. "We take serious note of the immediate adverse side effects like defects in implementation, cash shortage, slowdown in market, job losses,...

-The Hindu The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare. “It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both...

-The Times of India NEW DELHI: Public Accounts Committee chair K V Thomas had to backtrack on his remarks suggesting PM Narendra Modi could be summoned to answer queries on demonetisation with the panel concluding that this is against rules. The meeting of the PAC on Friday saw BJP members vehemently object to Thomas's comments, arguing that he had quoted precedents incorrectly and rules governing financial committee do not permit calling ministers...