Two years after demonetisation, crisis in rural India
Wednesday, November 7, 2018, 11:06 AM
Two years after demonetisation was announced, rendering 86% of currency in the system invalid, the big impact seems to have been on rural India in two-ways one, the relative erosion of rural agricultural wages; and two, the fall in bargaining power of farmers in receiving an attractive price for their produce. Both may have contributed to the crisis in many parts of rural India.
Demonetisation Impact: Just 1.5L tax returns vs 23.5L notices sent
Tuesday, October 23, 2018, 3:13 PM
Twenty one months after the launch of Operation Clean Money (OCM) to find out how much of the demonetised currency that returned to the banking system during the November 9-December 2016 window is tax-compliant, the government says it doesnt have centralised information as yet on prosecutions launched against persons identified for suspicious cash deposits.