-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
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Aadhaar must for MGNREGS work
-The Hindu Other proofs of identity will be allowed till March 31 New Delhi: From April 1, workers in rural areas enrolled under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which mandates 100 days of work for a household a year, must have an Aadhaar card. Those who have registered under the scheme will be required to give furnish proof of possession of Aadhaar or undergo the enrolment process till March...
More »What the RBI Should Do to Minimise the Impact of Demonetisation -Surajit Das
-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
More »Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Ten years after Sachar Report -Zeeshan Shaikh
-The Indian Express There’s been no major change in the condition of India’s Muslims. Here are the numbers On November 30, 2006, the 403-page report of the Sachar Committee, on the social, economic and educational condition of Muslims in India, was tabled in Parliament. The Committee, headed by former Chief Justice of Delhi High Court Rajinder Sachar, was set up soon after the UPA 1 government took over, and it submitted its...
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