-Financial Express Two measures can do much to bring back price sentiment and liquidity in agricultural markets, just when farmers are set to harvest a bumper crop. The current economic slowdown began with Bharat. It has to also end with Bharat. According to the National Statistical Office’s GDP estimates for April-June 2019 released on Friday, India’s agriculture sector — which includes forestry and fishing — grew 2.04% year-on-year during the quarter....
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Less cash economy fails? Currency in circulation zooms 17% in FY19
-PTI Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019. Mumbai: Despite many an effort to shift to digital payments and usher in a ‘less cash’ economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its...
More »Policy by Whatsapp: A disregard of consequences in governing the new India -Samar Halarnkar
-Scroll.in Democracy requires a national character that isn’t grounded in ignorance and government policy that is not a sophisticated version of Whatsapp. It is now clear – 1,020 days after Prime Minister Narendra Modi told India he was wiping out 85% of its currency, by value – that demonetisation was not just a failure but a spectacularly misconceived move. That its destructive effects took at least 100 lives in its immediate aftermath,...
More »Demonetisation showed fake currency was a myth, says Bombay High Court
-Scroll.in The court asked the Reserve Bank of India why it felt the need to constantly change the sizes and features of currency notes and coins. The Bombay High Court on Thursday said the government’s demonetisation exercise showed that it was a myth that fake currency was in circulation. While hearing hearing a public interest litigation seeking to make currency notes and coins easily identifiable for vision-impaired people, the court asked the Reserve...
More »Despite hype, demonetization missed all goals -Sneha Alexander & Vishnu Padmanabhan
-Livemint.com Note ban was the biggest move by the Narendra Modi-led govt, but it was also its most underwhelming initiative, judged by the economic impact it had MUMBAI/ NEW DELHI: Mumbai: Of all the initiatives of the National Democratic Alliance (NDA) government, none was as historic or dramatic as the decision to demonetize high-value currency notes. On 8 November 2016, in a televised address to the nation, Prime Minister Narendra Modi declared...
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