-The Hindu Business Line Central bank says specified bank notes yet to be reconciled with the physical cash balances New Delhi: Even six months after the demonetisation exercise, the Reserve Bank of India is yet to complete the accounting of the withdrawn Rs. 1,000 and Rs. 500 notes. The RBI has admitted as much in a 15-page response late in April to questions from the Standing Committee on Finance, headed by veteran Congress...
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Demonetisation: Cash withdrawals in March nearly the same as last year -Mahua Venkatesh
-Hindustan Times Withdrawals from ATMs in March this year stood at 2,259 billion — 0.6% more than what people withdrew in the same month last year. Cash transactions are back in vogue despite the government’s push for a less-cash economy post-demonetisation, Reserve Bank of India (RBI) data on ATM cash withdrawals indicate. Withdrawals from ATMs in March this year stood at 2,259 billion — 0.6% more than what people withdrew in the same...
More »Six months after demonetisation: Currency in circulation may not match pre-8/11 levels -Sandeep Singh
-The Indian Express Given the slow pace of currency printing and indications from govt sources, it is unlikely that there will be full replacement of banned notes As currency in circulation is about 20 per cent lower than the levels at the beginning of November 2016, the sharp decline in the pace of remonetisation over the past few weeks and indications from government officials suggest that the government and the Reserve Bank...
More »Pressure to pay loans seen as among reasons for farmer suicides -Sayantan Bera
-Livemint.com Abject poverty, high levels of debt, and crop failures among the leading causes behind farmer suicides, according to a study commissioned by agriculture ministry New Delhi: Abject poverty, high levels of indebtedness, crop failures and pressure to repay loans are among the leading causes behind farmer suicides, according to the preliminary findings of a study commissioned by the Union agriculture ministry. The broad findings of the study conducted by the Institute for...
More »The Centre Has Abdicated Its Responsibility to Farmers Through Its Pricing Policies -Kavitha Kuruganti
-TheWire.in The insurance coverage in 2015 was 22.3%, with a government expenditure of Rs 2,955 crore. But by spending 4.5x since, how does the government admit to a coverage of only 23%? Farmer suicides and agrarian distress have likely never been among the national public debates as they are right now. A group of Tamil Nadu farmers, whose protests in New Delhi were dubbed ‘bizarre’ but who were actually desperate for debate and...
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