-The Hindu The tremendous power of the software industry in India may help explain why the disruptive effects of demonetisation are being taken lightly Evidence is mounting of the disruptive effects of the recent move to renew currency notes, known as “demonetisation”. Disruption is actually a mild expression. What is happening is a catastrophe for large sections of the population. Farmers have dumped vegetables by the roadside for want of a remunerative...

-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...

-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...

-The Hindu Public sector insurers, oil-marketing firms and others not to take a hit for cashless push The Centre has decided to bear the burden imposed on public sector firms on account of the many discounts and incentives offered to promote digital payments. The plan is to create a new expenditure head in the exchequer’s accounts that will absorb the costs of such measures. Public sector insurers, oil-marketing firms and others will thus not...

-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...