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The great Finance Bill trick -Niranjan Sahoo

-DNA The political funding reforms are an embarrassment to India’s claims of heralding a transparency revolution Following Prime Minister Narendra Modi’s demonetization drive and his expressed desire to bring transparency in political funding, there were expectations of more concrete measures to cleanse the Augean stables of Indian politics. The government responded quickly, albeit through the Finance Bill. For the first time, the Union Budget 2017 devoted a full section (420...

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Why I would not advocate vegetarianism -Sunita Narain

-Down to Earth Meat eating is not the key issue, it is the amount that is consumed and the manner in which it is produced. This is where India differs. Recently at the release of our book First Food: Culture of Taste, which discusses the link between biodiversity, nutrition and livelihoods, I was asked a question. “Why do you not, as an environmentalist espousing the cause of traditional and local diets that...

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How the Black Economy Grew in Post-Independence India -Arun Kumar

-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...

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Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)

-The Hindu The truth may ultimately prevail about demonetisation, but the government might be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the economy quite...

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Stories of notebandi -Satish Deshpande

-The Hindu Anger and frustration dominate discussions on demonetisation at a jan sunwai in Beawar, Rajasthan About five-six hundred people are crowded in and around a small shamiana-covered triangle, like the apex of the letter A. The two arms of the A are busy streets typical of small-town India, a press of pedestrians and two-wheelers punctuated with foraging cows, goats and impatient cars and tempos. Including the shopkeepers and hangers-on across the...

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