Tuesday, November 22, 2016

'It's a surgical strike against the country's poor'

'It's a surgical strike against the country's poor'

NEWSPAPERS HEADLINES:
The repercussions of currency demonetisation continue to be widely reported. "Unbanked villages, small businesses badly hit as currency crisis continues" writes the Indian Express. The paper also reports the move to scrap 500 and 1,000 rupee notes will lend a “crippling blow” to Maoist activities, with anything between 50 to 100 crore rupees. parked with the Central Committee of CPI (Maoists) going out of circulation, according to the police and a surrendered Maoist.
The Times of India reports, "Centre says cash relief on the way, but hurdles delay the rollout". Banks may allow withdrawal for weddings from the next week, reports Financial Express.
Hindustan Times writes Prime Minister Narendra Modi quoted Nobel laureate Bob Dylan to hit out at critics of the government’s decision to recall highvalue banknotes, saying “the times they are a-changin” and asked them not to criticise “what you can’t understand”.
Under the headline, "Jan Dhan accounts may get 10,000" rupees, the Asian Age writes that after demonetising 500 and 1,000 rupee notes, the government is considering depositing 10,000 rupees in the Jan Dhan accounts, particularly those with zero balance.
The Tribune says the Income Tax Department has issued hundreds of notices seeking “source” of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped 500 and 1,000 rupee currency notes after November 8.
And finally, under the caption, "WhatsApp governance works wonders for Bengaluru", the Hindu reports that the mobile phone in our hands has turned out to be the best weapon to drive civic action, adding it isn’t just tech-savvy citizens; even the government has jumped on to the bandwagon with reporting and project monitoring being done via groups comprising officials.

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