-Hindustan Times New Delhi: The Reserve Bank of India (RBI) recommended demonetisation of 500- and 1,000-rupee Banknotes hours before Prime Minister Narendra Modi announced the surprise move in a televised address to the nation in the evening of November 8. The government and the RBI have kept the consultation process that led to the decision to demonetise 86% of India’s cash in circulation a closely-guarded secret. Both, however, have insisted that the...

-The Times of India There is a trace of pride in Nisha Chaurasiya's voice as she complains of how she and her co-workers in an anganwadi in Rajnandgaon district of Chhattisgarh struggled to provide food to babies and children, and to expectant women, since demonetisation took effect on November 8. "The self-help groups borrowed money from everybody, stood in Bank queues, pleaded with officials and even spent from their own meagre savings...

-PTI Announces a fine of Rs. 25,000 on each incident of bulk waste burning The National Green Tribunal (NGT) on Thursday imposed a complete Ban on burning of waste in open places and announced a fine of Rs. 25,000 on each incident of bulk waste burning. “We direct that there shall be complete prohibition on open burning of waste on lands, including at landfill sites. “For each such incident, violators, including project proponent, concessionaire,...

-The Hindu The claim made by a magazine and carried by sections of media is not backed by data. The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the...

-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on Banks New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18.   The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of...