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In the quarterly report of the Reserve Bank of India, the picture of the widespread impact of the notes ban on public has been revealed. In a report titled 'Household Financial Assets and Liability', clearly shown the bad effect of the decision to withdraw the notes of 500 and 1000 notes by India's Prime Minister Narendra Modi.

According to RBI's report, the total value of gross financial assets in September, 2016 was 141 trillion rupees. By December 2016, it decreased by four trillion rupees and this figure reached 137 trillion.

Let us know that PM Modi had announced the notes ban on November 8, 2016. Household Financial Assets Outstanding Amount also recorded a decrease of 6%. Even in the last quarter of the year 2017, this figure is much lower than in September, 2016.

However, after the notes ban, the trend of investment has been found in the Indian people rather than savings. According to RBI's report, "IIndian people are generally known as saver and supplier of financial resources in the economy. However, in the third quarter of the year 2016-17, there has been a negative change in Net Financial Assets, which reflects the effect of the notes ban.

Explain that bank deposits, bonds, insurance assets and stocks are included under the financial assets. Financial Assets are more liquid than other assets.

There has also been significant changes in the form of the financial assets of the household after the notes ban. In September, 2017, the currency holdings have also declined in comparison to the GDP (gross domestic product). While this was 10.6 per cent before the notes ban, the figure reached 8.7 per cent after declaration of withdrawal of big notes. This means that people have less money to spend than before.

However, after notes ban, there was an increase in the tendency of investing in the household rather than keeping money in the bank. Before notes ban, 10.6 percent of the household (compared to GDP) had invested in mutual funds. This figure reached 12.5 percent in September, 2017. The impact of the fall in currency holdings came in the form of an investment in mutual funds. People used currency holdings in the financial market. In addition, a decrease in the disposable income (expenditureable income) of the people was recorded. Its direct impact was seen on the market. On the other hand, according to the figures released by the Central Statistics Office, household savings declined by about four percent.

After the banking scam in India, the tax refund scam has surfaced. Staffs of the government and the public sector companies (PSUs) have introduced fraudulent documents and expenses. This damages the government of India more than Rs.1000 crores. The income tax department is involved in the investigation of this case. This scam has been executed through a revised tax return. Under this, any person can file a financial report again and claim the tax refund.

According to the Business Standard report, about 17,000 revised tax returns filed in Mumbai alone. More than 1000 such returns were filed in Bengaluru too. The Income Tax Department is currently in the process of investigating the matter, but the sources said the amount of the scam has been more than Rs 1,000 crore. According to the information, home loan has been introduced in revised tax returns. An Income Tax Department official said that the process of settlement of original returns of income tax payers has already started. In the meantime, they filed the revised returns with the documents.

The income tax department was keeping an eye on revised tax returns for the last three years. Another official of the Income Tax Department said, "In the last three years, the number of revised tax returns filing was continuously increasing. It was detected by the data mining system. During this time, we also found out how people are claiming refunds through fraudulent documents."

Explain that the taxpayers can file revised tax returns for two financial years. For instance, Revised Tax Returns can be filed for the financial year 2015-16 and for the financial year 2016-17 till March 31, 2018.

Another official told the fraudulent ways of claiming a tax refund. He said that some taxpayers filing revised tax returns were such that those who did not show any income in the 'Income from House property' in the original tax return, but the claim was made to damage in the revised return. In case of non-profit from the house property, the taxpayer can claim tax refund. Explain that under section 24 of the IT Act, there is a provision for tax rebate on home loans.

The IT department has also given the information to the CBI. The investigating agency will be able to find that people in the scope of investigation do not have more property than known sources of income. Apart from this, the CBI will also investigate the involvement of Income Tax Department officials and chartered accountants in the entire scam. Let the IT department has refunded 1.42 trillion rupees by February 10.

The main accused of the PNB scam, Nirav Modi is absconding from India. There has been a ruckus on the issue from media to social media. Some people are targeting the Modi government over the PNB scam. Now in this scandal, Vinod Rai, the former CAG of the government of India and chairman of the Banks Board Bureau is also being attacked and questions are being raised on his honesty.

This is the same Vinod Rai, who was a CAG during the PM Manmohan Singh government and claimed to disclose the fake 2G Spectrum scam, by taking advantage Narendra Modi becomes India's Prime Minister. The truth is that the 2G spectrum scam had not happened, it has been proved in the court.

Now look, there is a BJP government in the center of India and Narendra Modi is the Prime Minister of India. Vinod Rai has been the chairman of the Banks Board Bureau for the past two years. Under his nose, Nirav Modi scam Rs 11,500 crore in Punjab National Bank. Such a big scam happened, but Vinod Rai did not know. Really amazing! When the 2G Spectrum scam did not happen, then Vinod Rai put the emphasis on the heel to prove it a scam because it was the Congress government at the Center. Today, when there is a BJP government led by Narendra Modi in the center, then Vinod Rai is silent on the Punjab National Bank's real scam. The question arises, is Vinod Rai not seeing a scam of Punjab National Bank? Should it be assumed that the allegiance and loyalty of Vinod Rai is with the BJP?

Actress of Hindi and Marathi films and TV star Renuka Shahane has asked a few questions while speaking a big attack on the PNB scam on Vinod Rai. Renuka has said that you used to smell the scandal, then how did it become such a big scam? Renuka Shahane tweeted on Vinod Rai.

Actually journalist Shobha De made a tweet on the PNB scam. De wrote, when the scam was happening in PNB, then what was the then RBI governor Raghuram Rajan doing? Shobha De should ask this question to the country's prime minister Narendra Modi on the Punjab National Bank Scam. But Shobha Day does not have the courage to ask Prime Minister Narendra Modi to question on the scam. Shobha De is also on the way to Vinod Rai. In the same way, Vinod Rai has been pretending to be an honest officer, in the same way, Shobha De has also been pretending to be an honest journalist, but now the reality of peoples like Vinod Rai and Shobha De have come to an end and the credibility of such peoples are over. Now people have stopped believing such peoples.

Renuka Shahane has responded strongly to Shobha's tweet. Renuka Shahane wrote, What can be said about former CAG (Vinod Rai) who has been the chairman of the Banks Board Bureau for the last two years. They used to smell the possible loss to it. How did you forget the loss of reality under your nose? Is there really a Banks Board Bureau?

Explain that India's second largest public sector bank, PNB, had informed the stock exchange on February 14 that there was a scam of about Rs 11,500 crore in the Brandi House branch of Mumbai. After this, some diamond and jewelery traders were labeled with Nirav Modi and his uncle Mehul Chaukasi's Gitanjali Group.

The cost of the Bateshwar Sthan Ganga Pump Canal Scheme in Bihar was Rs. 8 crores; Rs. 390 crores has been spent to make it, yet there is no water in the canal. On trial, it became known that the canal is still leaking in many places. The project of the canal has not yet been completed, but see the flurry of Bihar Chief Minister Nitish Kumar, he will inaugurate the incomplete project of the canal. On February 15 (Thursday), Nitish Kumar is coming to Kahalgaon. Here he will inaugurate the Bateshwar Sthan Ganga Pump Canal Scheme.

It is to be mentioned that on 20th September 2017, the inauguration of Bateshwar Sthan Ganga Pump Canal was to be inaugurated, but on the evening of 19th September, the canal wall was broken and the inauguration was postponed. 389.36 crore has been spent on this scheme. Work is going on the canal since 1977. At that time, its cost was estimated at 8 crores. This canal will be irrigated in Kahalgaon area of Bhagalpur district of Bihar and Godda district of Jharkhand.

The length of the canal is about 100 kilometers. At present, 11 km canal is built in Bihar. There is no canal in Jharkhand so far. In spite of this, Pump House button will be pressed in the inaugaration, but water will not be left in the canal during the inauguration.

The water resources department and the district administration are not willing to take any risk. From the last four days, a trial of releasing of the water in the canal is also being done by pressing the pump button, but there are leakages in many places in the canal. In places where complaints of leakage have surfaced. There, Arun Kumar Singh, Principal Secretary, Water Resources Department, reached by the helicopter and took stock of the situation. Only after getting the green signal from the principal secretary, it was decided to inaugurate from the Chief Minister Nitish by pressing the button of the pump.

The Incomplete Bateshwar Sthan Ganga Pump Canal Inauguration shows that what is the level of development work in Bihar? Will Bihar develop in such a way!

Last year, the Modi government had advertised it from social media to political platforms when India boosted in the ranking of the World Bank's Is of Doing business, now the US think tank has questioned the report.

The American Think Tank Center for Global Development has rejected the World Bank report, which saw India's jump in the Is of Doing Business Ranking. The organization has questioned the methods of survey to the World Bank report misleading. The Center for Global Development has said that the report of the World Bank is wrongly promoted.

The American Think Tank has published information about the World Bank Report on its website through its blog on cross-checking. There is already ruckus on the World Bank report, when its chief economist Paul Romer resigned in January, calling about tampering ranking from the political level. However, the World Bank had said in the rescue that the last four years of ranking will be examined again. This institution, which has been questioned on the World Bank's Is Of Doing Ranking, is widely known for its extensive study on issues related to poverty and inequality globally.

The Center for Global Development has said that after 2014 the World Bank changed the parameters of fixing the rankings. According to the new parameters, India's ranking looks good, but the reality is the opposite. The organization alleged that the World Bank published a related report by putting misleading heading on its website, Which advertised India's fake boom in Is of Doing.

When there was a dispute over the report, the World Bank tried to clean it, but the headline was heavy on all of them. Regarding the difference in the ranking of India with the change in the World Bank's Methodology, Center for Global Development said, "India has earned 81.25 in the old method and 65 marks in the new method in 2014. By this we multiplied the ranking by 1.25 (= 81.25 / 65) every year. When investigations were done in the manner of the Consistent Methodology and Fixed Sample of Countries, it was found that India's ranking has seen only seven points jump from 2017 to 2018. That is, India has reached 141 to 134. While the World Bank has officially showed India's rankings reaching 130-100.

Last year in October 2017, the World Bank gave India 100 ranking. In the annual report "Doing Business 2018: Reforming to Create Jobs", the World Bank had said that the ranking of India reflects about half of the 37 reforms adopted since 2003 in the last four years. Reforms in eight out of 10 indicators of business facilitation were implemented. India has got place in the top 100 countries for the first time. While in 2017 India was placed 130th in the list of 190 countries. After getting the 100th rank, Modi Government also made a lot of publicity about it. Recently during the Davos tour, Modi cited the World Bank report saying that the biggest democracy in the world is now heading towards becoming the biggest economy.

Lesser for ransom recovery in Bihar, more abductions are going on for marriage. It is called itself Bihar Police statistics.

There are also phenomenal happenings in Bihar. One such incident is the Pakadua i.e for forced marriage. The boy who gets good to the girl's parents goes to any cost for marriage. Even kidnapped and brought home and forced marriage.

Half of the kidnapping cases in Bihar are related to marriage. That is, there is a kidnapping for marriage more than ransom.

Bihar police claim that the cases of kidnapping last year, nearly half of them were for marriage. In the year 2017, 8336 cases of kidnapping were filed, out of which 3075 connections were married.

According to the police, on an average every three to four thousand kidnapping of youth in the state are being held for marriage only. On the case of increasing every year, special instructions are issued to all the SP in the season of weddings from the State Police Headquarters.

According to a figure, 2526 in 2014, 3000 in 2015, 2016 in 3070 youths were abducted and married on the gunpoint. The police itself says that there are incidents of mass marriage by abducting every three hours in one and eight to nine people on average 24 hours.

Many districts of Bihar are notorious about Pakadua marriage. These districts include Nawada, Begusarai, Lakhisarai and Munger etc. In some places, this custom is now being accepted.

Although there is a lot of controversy in many places, the agreement comes after the mediator of the police, then the groom agrees to bring the bride home. The police sees these cases as social evils and problems more than criminal cases. This is the reason why the first kidnapping cases are recorded in the police stations, but later the case is closed after the agreement between the bride and groom is done.

On the occasion of Republic Day, there was communal violence in Kasganj. What is the truth of this communal riot? It is important to know. On the occasion of the Republic Day of the country, Muslim had gathered to hoist the Tiranga flag on Veer Abdul Hamid Chowk, Hindus had talked about the way and worse.

This violence was done not only to give way for the trip to Tiranga, because the other party people were chairs on the roads to hoist the tri-color.

Talking to The Indian Express, senior police officer and eyewitnesses of the incident told that the tri-color trips on unauthorized motorcycles reached Baddu Nagar of Kasganj, which later took the form of communal violence. According to a local resident, people rallying on motorcycles asked to remove the chair so that they could get out of there.

The lawyer and local resident Mohammed Munazir Rafi said, "They were putting anti-Muslim slogans. We urged them to let us finish our Republic Day program first, but they remained firm on their point of view and did not get out of there. "

Rafi said, "I had contributed 200 rupees to celebrate the Republic Day on its own. I went out of the house to Kasganj Court in the morning, where the tricolor hoist was organized. When I came back, people in our local area were chairs for the Republic Day program. In the meantime, suddenly a group of 50-60 people reached there on the bike and started asking for the removal of the chair.

Rafi said, "We asked them to join the program, but they refused. Many people gathered there and there was a punch. After this they took their bike and left the place. I called Kasganj Police and gave them information about the incident. A similar rally was held on the Independence Day last year, but nothing like that happened at that time. We are patriots, but now we are being displayed like a treason."

According to Kasganj Additional SP Partha Mohan Tripathi, the police had separated the two sides. They said, the bike riders again gathered in one place and started to revolve around the tehsil road. The people of another Muslim-dominated area thought that they were turning round in the spirit of retaliation. This is where violence started, in which a young man of 28 years lost his life due to the bullet.

Speaking on this matter, IGP Dhruv Kant Thakur said, "At that time the people of Muslim community were supposed to hoist the tricolor at that time."

Explain that a video of this incident has also surfaced, where a group of about 60 people were screaming for the tricolor and saffron flag in hand that "the bike will go from here".

The violence on Friday in Kasganj, Uttar Pradesh could not be completely controlled even on Saturday. There were reports of stone pelting, looting and arson in several areas on Saturday.

Although there is no news of casualties in these incidents, tension in the city is irreversible. On the other hand, the police are completely in control of the situation.

According to the police officials, two FIRs have been lodged on the incident and nine people have been arrested. 39 people have been detained.

The funeral was done on Saturday in the violence that took place during the tri-coloring trip on Friday, and after this, there was a sudden rise in violence in the city.

An attempt was made to fire after looting in nearly two dozen shops in the Sahavar gate area.

Apart from this, many shops in Nadari Gate and Baradwari were set on fire.

These two terrains are easily three hundred meters away from Kasganj town Kotwali.

These incidents took place, while the whole city of Kasganj has been converted into a camp. There is the presence of police and security forces everywhere. All the roads entering Kasganj city have been closed almost and the commuters are being searched.

Police and administration officials are patrolling the streets of Kasganj and they are running away from anyone on the road.

But despite the vigilance, three buses were handed over to the fire inside the city, including a roadways bus.

Apart from this, several two-wheeler vehicles were also burned. Fire in shops and vehicles could not be quenched after hours.

Additional Director General of Police Ajay Anand was also patrolling the Aligarh zone on the Naderi Gate.

In the conversation with the BBC, he said that the situation is under control now. Asked how the violence was rekindled on Saturday despite the heavy police force, his answer was: "Look, every person can not be monitored, but the police and the administration are fully deployed. Anyone who is guilty of violence will be subjected to strict action. 39 people have been detained as precaution and other people are being searched."

According to ADG Ajay Anand, two FIRs related accident have been registered and nine people have been arrested on the basis of them.

Earlier, on Friday night at around 9 pm, a Muslim family attacked by some rioters on the Mathura-Bareli highway in Kasganj city. The vehicle was completely damaged in the attack and severe injuries occurred in the eyes of a person riding on it. This person has also shot by rioters, his condition is serious, he is being treated at ICU. Another Muslim youth has been shot by rioters, he is undergoing treatment.

In the meantime, BJP also tried to give political color to this matter. BJP MP from Kasganj-Eta region Rajveer Singh and three BJP legislators of the area joined the funeral of the departed youth.

Earlier, Sadhvi Prachi was also trying to come to Kasganj, but the administration did not give her permission.

On Friday evening violence in Kasganj began, when some youths were taking tri-color journeys and anti-Muslim slogans, resulting in their clashes with some youths of the Muslim community in Badudanagar area. The Tri-color journey was taken by the student wing of Bharatiya Janata Party (BJP), Akhil Bharatiya Vidyarthi Parishad (ABVP) and the people of the Vishwa Hindu Parishad (VHP). After the clashes, stones and bullets went on. Rioters did demolition and arson in vehicles and shops.

Apart from these clashes, firing took place in addition to the incidents of stone pelting and arson between the two sides, in which a young man named Chandan Gupta died and a young man named Naushad got seriously injured, who was admitted to a hospital in Aligarh. Another Muslim youth has been shot, he is also being treated at the hospital.

The price of oil has hit $70 a barrel for the first time since 2014. Brent crude, the international benchmark for oil prices, jumped after the Organisation of Petroleum Exporting Countries (OPEC) said it would continue to limit supplies. The organisation accounts for 40 percent of the world's output.

Naeem Aslam, the chief market analyst with London-based Think Markets says there are three major factors driving prices up: a supply cut, stability in demand and most importantly, the Aramco IPO.

"The entire reason Saudi Arabia is behind price stability is mainly because of this IPO ... (it is) because of that we have seen the consistency of the supply cut throughout that supply cut decision," says Aslam. "

(This trend) is highly likely to continue. The price could certainly continue to the upside. Why? Because I think there is a stability in terms of demand, especially Chinese demand ... we have seen a 10 percent growth in the last year; over 8 million barrels per day," continues Aslam.

But what does this mean for the average consumer? Will prices for goods and services like transport and flights increase? Aslam believes inflation is inevitable.

"Over in the UK, we have already seen that [price increase affecting our daily lives] in a number of different factors. From a global perspective, higher oil prices have already begun to feed into different parts of the equation."

With US oil production reportedly now set to rival that of Saudi Arabia, how will this prediction affect the global oil production landscape?

Aslam says, "Higher oil production is not the problem as long as the demand is there ... and the stability."

 A new equilibrium: China and France

The presidents of France and China have signed trade deals worth billions during a partnership-building exercise, including aerospace and nuclear energy projects. The three-day visit, aimed at deepening economic ties, was hailed by the two parties as the start of a new era of strategic partnership between the two nations. It also saw a mutual consensus reached on important issues such as global security, promoting free trade and combatting climate change - a vision that's completely at odds with that of US President Donald Trump.

As relationships with the US are fraught with tension and Brexit looms over the UK, is a free trade relationship with China looking evermore appealing to Europe?

"It is really an attractive market," says Philippe Waechter, chief economist at Natixis Bank. "We are in a recovery period and Brexit is something we have to manage. Recovery in Europe is important to everyone: from the US, to Africa, to Asia."

Will Macron's attempts to push for more freedom for French and, ultimately, European businesses to trade in Chinese markets succeed?

"This was the first step in a European strategy," says Waechter. "When we look at world trade, there are three champions: the US, China and Europe ... we have to draw a new equilibrium between China and Europe."

In China, women are in short supply. Thanks to an ancestral preference for boys, and the implementation of the one-child policy, there are now millions more men than women.

It's predicted that one in five single men will never find a woman to marry. This striking gender imbalance is causing not just personal devastation but a potential national crisis.

To avoid becoming a 'bare branch', many single men are resorting to extreme methods to find a bride - kidnapping or buying women from overseas. Anything to help them fulfil their responsibility to secure the future of their family.