-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
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Where are we, three months after Modi's demonetisation move? -Roshan Kishore
-Livemint.com Windfall gains and remonetisation claims are still uncertain, but the Indian economy has suffered a short-term pain for sure On 8 November, 2016 Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs1,000 notes, which constituted 86% of the currency in circulation. Exactly three months later, where does the Indian economy stand today? In an interview to Mint after the Union budget, economic affairs secretary Shaktikanta Das claimed that...
More »Arun Jaitley demonetises cash ban criticism, says 'no currency inadequacy for even a day' -Abantika Ghosh
-The Indian Express He said the RBI board had “independently applied its mind” to send the relevant recommendation to the government. THERE WAS never any shortage of currency in the aftermath of the decision to demonetise high-value currency, Finance Minister Arun Jaitley told the Rajya Sabha on Tuesday while answering a clutch of questions on the issue. “At no point of time, not for a single day, was the currency inadequate. As...
More »Real or nominal? Which farm income will Modi double in 5 years? -Rajalakshmi Nirmal
-The Hindu Business Line Nominal income already doubles every 6 years; real income will take 16 years Nearly a year ago, Prime Minister Narendra Modi unveiled his dream of doubling farmers’ incomes by 2022. But how viable is this promise? For one, there is ambiguity on the number the Centre is targeting. Data on farm income is not released at regular intervals. A survey of the National Sample Survey Organisation comes once in...
More »Must follow our order: EC to RBI on raising cash limit
-The Indian Express EC had asked the central bank to relax the weekly bank withdrawal limit from Rs 24,000 to Rs 2 lakh for candidates contesting elections in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur. New Delhi: The Reserve Bank of India (RBI) has shot down the Election Commission’s (EC) proposal to relax the weekly withdrawal limit for those contesting the Assembly elections, prompting an angry reaction from the poll panel, which...
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