Although containing fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...
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Steps to stop the rot: on dangers of storing foodgrains in the open -Peter Smetacek
-The Hindu The government must stop storing millions of tonnes of foodgrains in the open under tarpaulins In India, the height of the rainy season is a time that one prays will pass — flooded roads, wet clothes, masses of insects and mould. No place is safe from the growth of fungi that spring up overnight. With the humidity in the air and the warmth of summer, all that fungi need is...
More »Addressing soil loss -Mohit M Rao
-The Hindu Floods often wash away rich, weathered soil. Rehabilitation programmes must consider this loss As the rains abate in Kerala and parts of Kodagu district in Karnataka, the loss of lives and the devastation of infrastructure and crops is apparent. However, as rebuilding is planned, what is often ignored is the soil that has been washed away. While roads and houses will be rebuilt, and crop losses compensated partially through insurance,...
More »RBI: Loan defaults by small businesses double in a year -George Mathew
-The Indian Express RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year. Mumbai: MICRO AND small businesses continue to struggle in the wake of demonetisation and implementation of the Goods and Services Tax (GST), with the latest RBI figures...
More »Demonetisation findings accessed: Eight reasons why BJP wants DeMo report buried
-TimesNowNews.com Times Now has accessed the demonetisation draft report which has upset the BJP, whose MPs want the report suppressed. And there are eight reasons why the BJP doesn’t want to face the report in Parliament. New Delhi: The Parliamentary Standing Committee on Finance, headed by Congress leader Veerappa Moily, has concluded in its draft report that demonetisation, announced by the Narendra Modi government in November 2016, had led to at...
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