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The pursuit of unreason -Prabhat Patnaik

-The Telegraph A distinguished Ugandan social scientist of Indian origin,whom I happened to meet earlier this month at an academic conference, told me that Narendra Modi's demonetization reminded him of the fiat in 1972 of the Ugandan dictator, Idi Amin, that all Asians should quit Uganda within a period of three months. His analogy, of course, would be considered inapposite for an obvious reason: expelling people from their places of domicile,...

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Prabhat Patnaik, economist and professor emeritus at Jawaharlal Nehru University, interviewed by Jahnavi Sen

-TheWire.in In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes. On November 8, Prime Minister Narendra Modi addressed the nation at 8 pm and announced that Rs 500 and Rs 1000 notes would no longer be legal tender after midnight that night. This move was needed to tackle the “disease of black money,” he said. Since then, their have been numerous reports of how...

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Pulses policy must break new ground -G Chandrashekhar

-The Hindu Business Line This kharif, with its high pulses output, provides an opportunity to push procurement, processing — and lift curbs on exports Pulses have been in the news over the last one year and for all the wrong reasons. Sharply lower harvests two years in a row (2014-15 and 2015-16) due to a below-normal southwest monsoon in the kharif season and unseasonal rains during the rabi harvest combined with rising...

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Centre rejects draft Bill to control prices of pulses -Sanjay Jog

-Business Standard Mumbai: Maharashtra will have to wait more for the proposed law to regulate prices of pulses. The Centre has sent back the state's draft Bill, questioning the very need of such a law when the Essential Commodities Act, 1955 already provides stringent provisions to curb Hoarding and control prices. The Centre has also questioned why the provision for imprisonment, in case of violation, is lower than the Essential Commodities...

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Paswan to pulses traders: work with government to address supply issues

-The Hindu Business Line NEW DELHI: The Centre will meet representatives of the Indian Pulses and Grains Association (IPGA) every month to take stock of retail prices of pulses that still rule high, as well as supply issues. This was decided at a meeting between Food Minister Ram Vilas Paswan and IGPA members here on Thursday evening. The meeting comes soon after the Centre’s decision to enhance the buffer stock limit of...

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