-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation...

-PTI The government attaches the highest priority to job creation, says Arvind Panagariya The government has set up a task force headed by Niti Aayog Vice-Chairman Arvind Panagariya to recommend ways to deal with employment data discrepancies and come up with reliable solutions to promote job creation.   “A task force has been created under the chairmanship of the vice-chairman, NITI Aayog  Arvind Panagariya with Labour Secretary M Sathiyavathy, Secretary Statistics  T C A...

-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...

-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...

-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...