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The Morning Wrap: Will Demonetisation Spell Trouble For The BJP? A Cashless Wedding In Jharkhand

Our selection of interesting news and opinion from the day's newspapers.

10/01/2017 8:27 AM IST | Updated 10/01/2017 9:41 AM IST
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The Morning Wrap is HuffPost India's selection of interesting news and opinion from the day's newspapers. Subscribe here to receive it in your inbox each weekday morning.

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Although opinion polls give the BJP an edge in the upcoming state elections, with some even predicting a clear victory for it, the party seems unsure of its prospects. One of its pre-poll gambits has been to turn demonetisation into its primary election plank, a risk that could prove costly writes Arathi R Jerath.

On Friday, a full month before schedule, the Indian government released its predictions for the economy's annual growth, without taking into account the biggest economic event in recent history — the banning of old ₹500 and ₹1,000 notes. Given the limited and vague data, the early budget exercise runs the danger of becoming a scramble based on half-baked numbers, writes Rimin Dutt.

There is "no question" of a split in the Samajwadi Party, according to party president Mulayam Singh Yadav, in a new twist to the unfolding drama in Uttar Pradesh. "The party is one and will begin campaign shortly," he said to ANI on Monday. "Akhilesh will be chief minister after elections."

Main News

A seven-page note submitted by the Reserve Bank of India (RBI) to the Parliament's Department Related Committee of Finance last month has stated that the government sought to implement the move to ban old currency notes on 7 November 2016 and got the go-ahead from the Central bank the next day.

Anand Kumar's fortunes grew shockingly between 2007 and 2014, when his sister Mayawati was the chief minister of Uttar Pradesh. His net worth rose from nearly ₹7.5 crore to ₹1,316 crore, according a report in to The Times of India. TV channel Times Now claims to possess income tax probe details which reveal a paper trail of round tripping through shell companies, mysterious multi-crore loans and huge real estate investments.

At a time when the military is increasingly coming under attack in Jammu & Kashmir, an army report has pointed out at least 50 gaps — ranging from body armour, night-vision gear to flawed fuel storage — that pose a threat to soldiers' lives. The Hindustan Times has an exclusive report on the possible threats facing our soldiers.

Off The Front Page

Why has Flipkart turned to a new CEO in Kalyan Krishnamurthy and what does the company seek to gain under his leadership? Mint gives you the lowdown on the sudden changes at the top in the e-tailer and what the road ahead looks like for it.

A marching band from the UAE's defence forces will join the parade on Republic Day, the first time Arab soldiers will be marching in New Delhi. With UAE crown prince Sheikh Mohammed bin Zayed Al Nahyan to be the chief guest this year, the visiting dignitary who is also the deputy supreme commander of the armed forces, will bring a contingent with him.

Weddings in India are usually expensive affairs and involve transactions in substantial amounts of cash. The scene has taken a hit since high-value currency notes were demonetised and the economy took a hit due to the dire lack of new currency notes in banks and ATMs. In a village in Jharkhand a cashless wedding took place recently, reports The Telegraph, where all parties, starting from the officiating priest to the caterers were paid by cheque.

Opinion

What does the US President Elect Donald Trump's India policy look like? Dhruva Jaishankar's analysis in Mint takes you through the possibilities and charts out the possibilities that lie ahead of India in the wake of the new presidency in the United States.

The outlook for 2017 is anything but optimistic, with a sluggish global economy, widening terror footprint, and geopolitical realignments as the US, Russia and China jostle for spheres of influence: MK Narayanan's oped in The Hindu gives a grim view of the days to come.

Far from curbing black money or corruption, demonetisation has struck a blow to the economy, Amartya Lahiri and Devashish Mitra write in The Indian Express. "Probably the biggest negative of demonetisation has been its implementation, as manifested in the chronic shortages of new notes," they point out, among a host of other disruptions it has caused to the country.

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