-The Times of India BAREILLY: Two days after PM Modi urged Jan Dhan account holders at a rally in poll-bound UP's Moradabad city to hold on to the money deposited into their accounts by people with illegal cash, villagers across districts that TOI spoke with said the PM's advice didn't factor in "ground realities". "The PM may have meant well, but the fact is not one Jan Dhan account holder who let...
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NGO against Asthana's appointment as CBI chief
-Deccan Herald An NGO on Monday approached the Supreme Court against the Union government’s decision to appoint Gujarat-cadre IPS officer Rakesh Asthana as acting director of the CBI. New Delhi: ‘Common Cause’, the NGO through advocate Prashant Bhushan contended that the government in “deliberate dereliction” did not convene meeting of the Collegium comprising the prime minister as chairperson and Leader of Opposition and the Chief Justice of India as members to select...
More »With Rs 9.9 lakh crore back, Centre's estimates may go for a toss
-The Times of India NEW DELHI: With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal tender might not come back into the system. Government data shows deposits in two high denomination notes by Saturday evening had totalled Rs 9.85 lakh crore. The imposing figure, shared by...
More »Imposed only reasonable restrictions, govt. tells SC -Krishnadas Rajagopal
-The Hindu Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy Curb on money transactions, including withdrawals and wedding expenses, are “only reasonable restrictions” imposed on the rights of the public for a limited time, the government said in its latest affidavit. “Cancellation of legal tender of Rs. 500 and Rs. 1,000 notes is only a reasonable restriction and regulatory in nature. Merely because there is a restriction on...
More »Modi govt says demonetisation strikes black money; RBI data says it's a damp squib -Sandipan Sharma
-Firstpost.com There is a famous couplet by Iqbal that, if loosely translated, goes like this: There must be something about us that ensures we are never destroyed or decimated even when the world has been our enemy for ages. Now, apply that to the current war on illegal cash by the Narendra Modi government: It seems there is really something about Indian cash that ensures its survival. Note the figures. On 8 November,...
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