Categories
Links

Linkfest:November 28,2016

Some stuff I am reading today morning:

Modi As Marx-The Permanent Revolution (IE)

RBI Governor Urjit Patel speaks up (Mint)

On the RBI CRR hike (CM)

Bharat Bandh today (HT)

A look inside the secret world of Tata Trusts (ET)

Analysis: Indo Count Industries (Dr.Vijay Malik)

Indian dreams,thwarted by Trump (Bloomberg)

Demonetisation as I see it (Ambareesh Baliga)

Seinfeld’s 10 rules for Success (Big Picture)

Successful people initiate (Medium)

Categories
Links

Weekend Mega Linkfest:November 25,2016

Some off beat reads for the weekend:

Demonetisation Demythified (Bibek Debroy)

My personal account of the Emergency (Yashwant Deshmukh)

How ‘Art of Living’ teacher saved hundreds of women from ISIS (Swarajya)

Why Arnab Quit (Media Crooks)

How Indians triumphed in America (Economist)

This Company wants to fix India’s sanitation problem (Forbes)

Indian women lift the lid on married life (Guardian)

A Biryani garnished with Hate (Jawed Naqvi)

Ted Talk: Confessions of a depressed comic (TED)

Finland gets rid of all school subjects in curriculum (BrightSide)

The Echo Chambers (Great Bong)

Spoof:Transcript of Sonia Gandhi’s interview (Unreal Times)

Watches: The most iconic Sports Chronos (GQ)

Full Text of Dr.Ambedkar’s last address to the Constituent Assembly (Wire)

Obituary:M G K Menon (BI)

Categories
Excerpts

Cash Shortage for another 4-5 months?

The Bank Employees Federation of India (BEFI) has said currency note shortage will continue for another four to five months even if the country’s all four currency press facilities work at optimum capacity.

According to them, the cash scarcity spilling over to next week will make people more impatient when receiving and withdrawing salary will become difficult.

“Cash shortage will continue even if the four currency note printing presses run at their optimum capacity. It will take four to five months to restore normalcy in cash supply,” bank employees’ union BEFI general secretary P K Biswas said in Kolkata.

Biswas alleged that some customers have vandalised bank property in some of branches of public sector banks and halted banking operations due to cash shortage post-demonetisation.

As on March this year, there were 15,707 million pieces of old Rs 500 notes and 6,326 million pieces of Rs 1,000 notes in circulation, the union said.

The situation “can turn worse” in a week or so if the customers face difficulties in withdrawing their salaries from banks and ATMs, BEFI said.

It said printing ink and dice for new denomination notes have reached the Salboni printing facility in West Bengal, but when the actual printing will start is yet to be known.-from Business World

Categories
Video

Cashless Gujju Village shows the way

For the first time I have felt happy being a ICICI Bank shareholder !

Categories
Links

Linkfest:November 25,2016

Some stuff I am reading today morning:

Unaccounted bank deposits to attract 60% Income Tax (FE)

23 Places you can use old Rs.500 notes (ET)

IPO Review: Shilpa Foam (My Investment Ideas)

Widespread distress as SMEs hit hard (Yahoo)

Textile hub Tirupur in tatters (Mint)

Chart:Bank Credit Growth is lowest in 20 years (CM)

Why the ghosts of 2013 won’t haunt the Rupee (Bloomberg)

Identifying emerging moats (Varadha)

Pune property rates will keep going down (Ravi)

Global warming is affecting coastal real estate (NYTimes)