-The Indian Express The move came about, the letter mentions, during a meeting chaired by Prime Minister Narendra Modi in New Delhi on August 25, 2017, where it was found that proof of pending recommendations being implemented was present only on paper. Mumbai: The Union Home Ministry has written to police forces across the country to assess their efforts to encourage citizens to move to cashless transactions and curb fake currency and...
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The Ghost of Demonetisation Still Haunts Marathwada's Farmers -Parth MN
-TheWire.in The cashless future that Demonetisation promised never came, and many in rural Marathwada scoff at the idea. Aurangabad: Ten months after currency notes of Rs 500 and Rs 1,000 were scrapped on November 8 last year, the ghost of Demonetisation continues to haunt Deepak Badavne. In early November, Badavne had harvested 31 quintals of cotton from his 2.5 acre farm. He expected good returns on it. “The trader arranged for the truck...
More »Govt readies booster dose to revive stuttering economy, may target MSME sector -Suchetana Ray
-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to Demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...
More »Why Arun Jaitley is unable to cut petrol, diesel prices -Abhik Deb
-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
More »Indian economy in a tailspin: What went wrong -Asit Ranjan Mishra and Gireesh Chandra Prasad
-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to Demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
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