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Rs 500 and Rs 1,000 ban: Narendra Modi govt has created 50-day hawala window for old notes -Narayanan Madhavan

-Firstpost.com Think of it as a 50-over one-day cricket match, with each day equivalent to an over. The  game has just begun. The government of India, popularly known as Modi sarkar, has just created a 50-day hawala window for those with black money – albeit in a loose sense. The term hawala is usually used for illegal trade in foreign exchange going back to the times before 1993 when India had tight...

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Show me the money -Ila Patnaik

-The Indian Express Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. The sudden and dramatic announcement by the prime minister banning Rs 500 and Rs 1,000 notes issued by the Reserve Bank of India has a number of objectives. Among them are tackling counterfeit notes, curbing black money and restricting finance for subversive activities. While progress will be made by...

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Demonetization: Witless and Anti-People -Prabhat Patnaik

-TheCitizen.in NEW DELHI: Narendra Modi went on national television at 8 p.m. on November 8 to announce that from midnight of that very date, i.e. in a mere four hours’ time, 500 and 1000 rupee notes would cease to be legal-tender. The justification advanced for this bizarre move was that it would strike at “black money”. An additional argument was thrown in, to the effect that fake currency notes used by “terrorists”...

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Delhi's air quality at season's worst, staying indoors advised

-The Times of India NEW DELHI: Delhi's air quality recorded "severe" levels on Saturday, a day before Diwali. A pall of smog was hanging over the city since morning. As forecast by IMD and SAFAR, the wind speed was very low, touching zero at times, which caused pollutants to accumulate very close to the surface. The Delhi government, meanwhile, blamed the high pollution levels on the farm stubble burning in Punjab and...

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A boost to fundamental rights

-Livemint.com Courts are finally protecting individual liberty in prohibition and beef ban cases The politics of alcohol consumption and cow slaughter have, of late, run roughshod over issues of constitutional law and philosophy. The Patna high court’s recent judgement on prohibition in Bihar—especially when read together with the Bombay high court’s earlier beef ban verdict—is a necessary redressal of the balance. These judgements are a nuanced look at how the relationship...

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