-The Times of India AHMEDABAD: When Prime Minister Narendra Modi announced demonetization on November 8, 2016, of his stated intentions for the move was to attack counterfeit notes. However, the rate of seizures of fake currency notes across the country has remained the same, even after Rs 500 and Rs 1,000 notes were declared illegal. The model state of Gujarat had the most seizures of Rs 2,000 notes after demonetization, figures...
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It was the suddenness of demonetisation that added immensely to its costs, and nothing to its benefits -Shankar Raghuraman
-The Times of India blog Whatever its critics may say, there is one unambiguous achievement of the demonetisation drive. The Reserve Bank of India can surely now claim its rightful place in the Guinness or Limca Books for the world record in time spent on a single count of currency notes. But what about the other benefits that the finance ministry claimed after RBI announced the results of this mahayajna of...
More »Raghuram Rajan breaks silence, says he wasn't on board for demonetisation -Rajesh Mahapatra
-Hindustan Times Raghuram Rajan makes the disclosure in his latest Book -- I do what I do – which is a compilation of speeches he delivered on a wide range of issues as the RBI governor. Former RBI governor Raghuram Rajan has revealed that he did not favour demonetisation as he felt the short term economic costs associated with such a disruptive decision would outweigh any longer term benefits from it. Rajan...
More »Despite RERA, Centre and states not doing enough to protect home buyers -Manish
-Hindustan Times The central government has extolled RERA as a panacea for exploitation of home buyers with the establishment of an independent authority in each state. But its own actions in the Capital reflect poorly on the objective The Real Estate (Regulation) Act, 2016, the flagship legislation to protect home buyers, has come into force, but its implementation on the ground continues to lag, with the central and state governments equally lax...
More »Delhi govt imposes blanket ban on manual cleaning of sewers, offenders to be Booked under culpable homicide
-IANS New Delhi: Delhi social welfare minister Rajendra Pal Gautam on Monday announced a blanket ban on manual cleaning of sewers and warned that anyone found violating the rule will be Booked under culpable homicide. He also said that a committee had been formed to find out the best possible ways or machines to clean the gutters, within 15 days. The directions came after Lieutenant Governor Anil Baijal on Monday called a high-level...
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