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Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)

-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...

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Motive behind demonetisation is justifiable but there may be collateral damage

There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...

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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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What SC says: No automatic right to shoot -R Balaji

-The Telegraph New Delhi: The Supreme Court had recently said security forces had no inherent right to shoot people, which suggests that yesterday's killing of the eight Simi operatives by Madhya Pradesh police went against that ruling. The court had held that even if a person was seen carrying weapons in a "disturbed" area, it did not automatically give the security forces the right to shoot him. Even the army had no blanket...

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NHRC issues notices to MP's top bureaucrat, cops for SIMI men's killing

-Hindustan Times New Delhi: The country’s human rights watchdog has issued notices to the Madhya Pradesh government and state police for the shooting of eight Islamist prisoners who had escaped from a Bhopal jail. The National Human Rights Commission sent notices the state’s chief secretary, director general of police, director general of prisons & inspector general of prisons for the killing alleged activists of the Students Islamic Movement of India. The men fled...

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