-MoneyControl.com The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue. On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-The Hindu It is aimed at improving livelihood and social security. Chennai: The State government has issued orders to implement the Tamil Nadu Urban Employment Scheme in two zones in the Greater Chennai Corporation, one zone each in 14 municipal corporations, one municipality each in seven regions and one town panchayat each in 37 districts, on a pilot basis during 2021-22. Tondiarpet (Zone 4) and Thiru. Vi. Ka. Nagar (Zone 6) in...

-National Herald The Pandora Papers raise issues that need serious introspection. Even if the wealth has been salted away legally, does it reflect a flight of capital? Do HNIs feel their wealth is not secure in India? What is different about the Pandora Papers from the earlier Panama Papers leaks, revealed by ICIJ five years ago? Unlike the Panama papers which were leaks from a single source, a law firm called Mossack...

-TheWire.in So far, four Indian names have come out as part of the 'Pandora Papers': Sachin Tendulkar, Anil Ambani, the sister of Nirav Modi, and the husband of Kiran Mazumder Shaw. New Delhi: A new global leak of financial data promises to expose the secret offshore dealings and hidden Assets of the world’s elite, including over 300 Indians. This new dataset comes from the International Consortium of Investigative Journalists (ICIJ) which obtained nearly...