Tag: Demonetization

A police officer stands guard in front of the RBI head office in Mumbai
On a slippery slope

Of the many things that demonetization has banished, a prominent and worrying one has been the credibility of Reserve Bank of India (RBI). For its management, its execution, its information sharing, its transparency, its rule making or the lack of them, the apex bank as an institution has received flak. The recent news of RBI […]

  • Wednesday, 28 July 2021
Banned notes used to buy land by co-op society members

Bhubaneswar: In what is touted as a big scam in cooperative societies, a conspiracy was allegedly hatched to regularize banned currency to the tune of Rs 32 lakh and grab valuable piece of land at Ragunathpur Jaili in Bhubaneswar during the demonetization period in 2016. The scam which allegedly involves some officials of Capital Cooperative […]

  • Saturday, 24 July 2021
Jan Dhan accounts
Rs 714 cr deposited in Jan Dhan accounts in Odisha post demonetization

Bhubaneswar: In the post demonetization period since November 9, 2016 till January 25, 2017, as much as Rs 714 cr has been deposited in Jan Dhan accounts in Odisha. As per data furnished by Union Finance minister, Arun Jaitley in Parliament, since the launch of Jan Dhan accounts in August 26, 2017, Rs 1960 crore […]

  • Wednesday, 21 July 2021
Rumours of ban on Rs 10 coins trigger panic in Odisha

Bhubaneswar: At a time when the Centre is trying to curb fake currency notes by demonetising Rs 500 and Rs 1,000 denomination notes, a rumour has spread across Odisha that Rs 10 coins had been declared invalid by the Reserve Bank of India. According to the rumour, Rs 10 coins had been declared invalid by […]

  • Friday, 02 July 2021
Farmers revive barter of labour practice post demonetisation

Kendrapara: With the harvesting of paddy crop drawing near, the age old practice of ‘Badalia’, a system of exchanging labour services prevalent in coastal districts, is showing signs of revival in some pockets of Odisha. A small and marginal farmer like Jugal Kishore Lenka is all set to work in a fellow farmer’s plot during […]

  • Monday, 28 June 2021
Op-Ed: The Common Man Has Given A Resounding Thumbs Down to DeMo

Utterances by politicians – and economists – on the second ‘death anniversary’ of the Rs. 1000 note have been on predictable lines. Depending on which side of the political divide they are, these wise heads have either been heaping praise on the Modi government for this ‘bold’ move that allegedly marked a ‘turning point’ in […]

  • Thursday, 10 June 2021
Rs 2000 note and the ‘ease of doing business’!

By Sandeep Sahu The trumpeters of Narendra Modi would have us believe that his ‘surgical strike’ announced on November 8 has knocked the living daylights out of the corrupt and black money hoarders. But going strictly by evidence, it does not appear to have deterred our vast army of corrupt officials one bit. For them, […]

  • Thursday, 10 June 2021