-Business Standard Ex Plan panel member also says demonetisation took a huge toll on cultivators and labourers; favours loan waivers, is skeptical about cash support scheme New Delhi: Former member of the erstwhile Planning Commission, Abhijit Sen, has said that the ambitious aim of doubling farmers’ incomes is impossible target in the period the government has set for it. Addressing an Economics Summit organised by Sri Ram College of Commerce in Delhi,...
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The DeMon's alternative -Venky Vembu
-The Hindu Business Line If the Centre had stuck to its ‘minimum government’ promise, it may have met the note-ban goals – without the pain In a New Year’s Day interview to a news agency, Prime Minister Narendra Modi revisited his government’s demonetisation move of November 2016. Perhaps this was born of the realisation that the notebandi decision and its impact on the economy would likely define the NDA government’s term in...
More »Statement of intentions
-The Hindu Business Line NITI Aayog’s document sets out economic goals, but there’s no roadmap The NITI Aayog’s Strategy for New India @75 lays out a checklist of priorities for economic policy-makers over the next three years. It sets out as an immediate priority, the ramping up of the investment rate to 36 per cent of the GDP by 2022, from 29 per cent at present in order to hit a growth...
More »Demonetisation and agrarian crisis exposed consequences of financial exclusion: Report
-PTI NEW DELHI: The sudden move to demonetise a bulk of Indian currency in circulation and the deteriorating agrarian distress in the country have exposed the consequences of financial exclusion, said a report released Tuesday. The India Exclusion Report 2017-18, brought out by Centre for Equity Studies (CES), said people's ability to spend, receive wages and survive depended crucially on whether they were part of the banking system or not after 84...
More »Agriculture ministry withdraws report that said demonetisation adversely affected farmers
-Scroll.in The ministry has issued showcause notices to three of its senior officials for submitting the report before Agriculture Secretary Sanjay Agarwal could vet it. The Ministry of Agriculture has withdrawn a report that said demonetisation affected millions of farmers in the country. The ministry cited a “compilation error” to justify the withdrawal and submitted a new report that says farmers did not face any “adverse impact” as a result of the...
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