-The Times of India BHOPAL: More than Rs 35,000 crore of stashed cash was pulled out of hidden lockers of corporates and individuals and deposited in 25 major banks within 60 days of Demonetisation in Madhya Pradesh, reveal documents accessed by TOI. More than 40% of these accounts are under I-T surveillance, say sources. Money in Pradhan Mantri Jan Dhan Yojana accounts rose by Rs 461 crore after the note ban —...
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Poll pile punctures DeMo pride
-The Telegraph New Delhi: Cash seizures from the five states that voted in February-March were more than three times the amount seized during the 2012 elections in these states, despite the post-Demonetisation limits on cash withdrawals. The rise of the seizures from Rs 50.78 crore in 2012 to Rs 184.85 crore challenges the government's claim that the note recall would cleanse India of the "cancer of corruption". Liquor, drugs and precious metals too...
More »Delhi Govt presents Rs. 48,000-cr Budget for 2017-18
-PTI New Delhi: A Rs. 48,000-crore Budget for the national capital was presented today by the AAP Government, laying major focus on improving transport, health, water distribution and education infrastructure. In its third Budget, the Arvind Kejriwal Government abolished the Plan and non-Plan expenditure heads and presented it in terms of revenue and capital classification in line with the Centre’s decision. There was no proposal on levying any new tax. 'Outcome budget' In a first,...
More »Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did Demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
More »DeMo shift challenged in SC by new mother -R Balaji
-The Telegraph New Delhi: A mother of newborn twins has challenged in the Supreme Court the RBI's decision not to accept demonetised notes till March 31 in spite of the Prime Minister giving such an assurance to the nation. Sudha Mishra, through her counsel Animesh Kumar, pleaded that she was expecting in November last year when the Demonetisation was announced by Prime Minister Narendra Modi. The Delhi-based Mishra was then at her...
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