-The Hindu Gopal Singh of Lamdegadh hamlet, which crowns a hill of Chamoli district near the Kumaon-Garhwal border, has to walk 8 km to reach the nearest motorable road. Chamoli (Uttarakhand): In sleepy Uttarakhand villages, tucked away inside lush green forests far from motorable roads, there has been a sudden burst of activity for a few days now as people rush out of their houses in the early hours each day, hoping...
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Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)
-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...
More »Artificially created distress -Utsa Patnaik
-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
More »Amid black cash hunt, Supreme Court moved on political gifts -J Venkatesan
-The Asian Age Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the CVC. New Delhi: Common Cause organisation has approached the Supreme Court regarding bribes paid to prominent politicians by corporate groups, as revealed during the raids by income tax department and the CBI in 2013 and 2014. Advocate Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the chief...
More »Why Demonetisation Will Not Eliminate Black Money or Corruption -Abusaleh Shariff and Amir Ullah Khan
-TheWire.in Demonetisation will only affect those who conduct transactions in cash, are not a part of the formal banking system or have not converted their cash into assets. The government’s demonetisation of Rs 500 and Rs 1000 notes is a contentious issue, but is understandable. Such schemes may have not worked in the past, but a political commitment had to be honoured. The question is not whether the government is right for...
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