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Parliamentary panel to question RBI Governor Urjit Patel on demonetisation today

-The Indian Express The panel members have planned to ask Urjit Patel questions regarding RBI's preparedness for digital transition. They will also question about how much money has come back into the system after the November 8 decision to place the existing currency notes of Rs 1000. Reserve Bank of India (RBI) Governor Urjit Patel will appear before the Parliamentary panel on Wednesday to respond to clarifications demanded by the panel on...

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Declining bank credit indicates poor economic performance

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

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17% of cash seized in raids during demonetisation were in new notes

-The Times of India NEW DELHI: As much as Rs 110 crore of the Rs 610 crore of unaccounted money seized in raids during demonetisation was in new Rs 2,000 and Rs 500 notes, indicating misuse of windows offered by the government to change old currency. The new currency seized by police and income tax officials was partly generated through routes such as petrol pumps, railway and airline ticketing and toll plazas...

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Battle over cattle -Himanshu Upadhyaya

-GovernanceNow.com Banning cattle slaughter, like demonetisation, may deliver political gains but will hit the rural economy hard More than a century ago, a team of officials from Brazil toured some villages of Kheda district, in central Gujarat. They had come to procure breeding bulls of the famous Kankreji breed, notes Bhailal Patel, a charismatic institution-builder who was also the first leader of opposition in Gujarat assembly, in his memoirs. It was of...

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Anti-Graft Forum Questions Centre's Appointment of Firm Accused of Scams for Black Money Probes -Gaurav Vivek Bhatnagar

-TheWire.in PricewaterhouseCoopers, convicted in the Rs 7,000 crore Satyam scam, had also audited accounts of Vijay Mallya’s firm and the Global Trust Bank, which collapsed. New Delhi: The Narendra Modi government’s appointment of PricewaterhouseCoopers (PwC) India to key projects like black money probes, Digital India, Make in India and Smart Cities project has been questioned by the Citizens Whistleblowers Forum. The group has also expressed concern over the RBI’s engagement of the...

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