Page 17 - Demonetisaton
SC asks Centre to spell out steps to ease suffering, inconvenience post demonetisation
Senior advocate Kapil Sibal, appearing for one of the petitioners, suggested that they will sit together and file the list of categories by Monday. A bench of Chief Justice T S Thakur and Justice D Y Chandrachud, while hearing a batch of pleas challenging various aspects of demonetisation, said all the parties should sit together and prepare a list of categories of cases which could be referred to high courts and those that could be heard by the apex court. Attorney General Mukul Rohatgi, appearing for the Centre, said that the government is aware of the situation in co-operative banks which lack proper infrastructure and mechanism as compared to scheduled banks. "Entire chapter in the additional affidavit filed by the Centre is dedicated to the issue of co-operative banks. It is not that we are not aware of the situation but these (the co-operative banks) lack proper facilities, mechanism and proper infrastructure as ...
 "SC asks Centre to spell out steps to ease suffering, inconvenience post demonetisation")
India has largely welcomed demonetisation, says Arun Jaitley
The Finance Minister continued to back demonetisation by saying that it would help making political funding transparent
 "India has largely welcomed demonetisation, says Arun Jaitley")
Will debate demonetisation in LS if voting follows, says Opposition
Congress party continued to demand an apology from PM Modi for defending demonetisation
 "Will debate demonetisation in LS if voting follows, says Opposition")
What black money? Government may be in for shock as deposits belie expectations
RBI announced Rs 8.45 lakh crore in banned high denomination notes was deposited in banks between Nov 10-27
 "What black money? Government may be in for shock as deposits belie expectations")
Demonetisation: Small industrial units ready with cheques, but wary workers want cash
About 450 million low-income workers in the informal sector are likely to be unprepared for the move to a cashless economy
 "Demonetisation: Small industrial units ready with cheques, but wary workers want cash")
Cash shortage across India: Banks disburse Rs 5,000-10,000 per person
Cash management companies confirmed that banks have suggested they fill ATMs lightly so that the available cash can be spread out across all the centre
 "Cash shortage across India: Banks disburse Rs 5,000-10,000 per person")
December gold imports to halve as demonetisation squeezes demand
In December gold imports could fall below 50 tonnes.
 "December gold imports to halve as demonetisation squeezes demand")
Huge amount of old notes deposited: Centre to SC
The situation post demonetisation will ease out in next two-three weeks: Centre to SC
NITI Aayog to hold meeting with telcos for Aadhaar-enabled payments
Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment
 "NITI Aayog to hold meeting with telcos for Aadhaar-enabled payments")
Truck rentals skid 25-30% after currency purge
A transporter said trucks on rent for Rs 50,000 are now being hired at Rs 37,500
 "Truck rentals skid 25-30% after currency purge")
PM Modi wants $400 bn Amazon-like market place for all govt purchases
BJP leaders and ministers have decided to take on the task of educating public on how to make digital payments
 "PM Modi wants $400 bn Amazon-like market place for all govt purchases")
Banks, ATMs run out of cash on Pay day, chaos continues
Banks ran out of cash within hours of opening
 "Banks, ATMs run out of cash on Pay day, chaos continues")
Note ban to affect real estate sales only in the short term: Abhishek Lodha
Lodha says that their estimates are that if interest rates drop by 2%, EMIs will dip 15%
 "Note ban to affect real estate sales only in the short term: Abhishek Lodha")
Is Opposition actually united against demonetisation?
While Congress, TMC, the Left, BSP, RJD, AAP oppose note ban, some including DMK, JD-U, BJD are okay with it
 "Is Opposition actually united against demonetisation?")
Cash starved farmers sell groundnuts in distress: price falls below MSP
A survey conducted by IOPEPC showed India's groundnut output at 6.69 million tonnes for 2016, an increase of 29% over previous year
CRR diktat may cost banks Rs 18,000 crore more annually
The incremental deposits with banks during this window, Sep 16 and Nov 11, were roughly Rs 3.24 lakh crore
 "CRR diktat may cost banks Rs 18,000 crore more annually")
No ground work before announcing demonetisation: Shashi Tharoor
He said, 'There is no cash in ATMs, people are facing hardship in getting the money'
 "No ground work before announcing demonetisation: Shashi Tharoor")
Lok Sabha passes bill to tax black money post-demonetisation
Arun Jaitley said the bill will give means to the govt to run schemes like Garib Kalyan Kosh
Focus is on printing Rs 500 notes, will soon meet shortfall: Gangwar
The MoS Finance said 20,000-35,000 notes are being printed daily
 "Focus is on printing Rs 500 notes, will soon meet shortfall: Gangwar")
Assam to make digital payment a 'norm'
Departments will examine the possibility of amending rules so that digital payment is made compulsory
 "Assam to make digital payment a 'norm'")