-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
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Narmada dam: Public finance, public play -Sudeep Chakravarti
-Livemint.com For the people of India and their “faith” in the Sardar Sarovar dam, it’s really a matter of public finance Optics is as air for politicians. It is no different for Prime Minister Narendra Modi and what is commonly known as the Narmada Dam. But even air can sometimes get dense with rhetoric. On 17 September, Modi inaugurated the Sardar Sarovar Dam, the largest project of the Narmada, or Sardar Sarovar Project,...
More »Do the maths: India's first bullet train isn't 'free of cost' as Modi claims -MK Venu
-TheWire.in/ Business Standard Over 50 years, the loan repayment value will be much higher based on the inflation differential Prime Minister Narendra Modi has claimed the bullet train offered to India by Japan is virtually free of cost. A 50-year yen loan amounting to Rs 88,000 crore at 0.1 % interest is being described by the prime minister as free of cost. This is patently absurd. India can have as many bullet trains...
More »Too good to be true: How MNREGA 'improvements' are actually costing workers their wages -Ankita Aggarwal
-Scroll.in Inability of local officials and infrastructure to cope with the complex technologies driving the scheme could be leaving lakhs of workers unpaid. This year’s Economic Survey lists several “improvements” in the Mahatma Gandhi National Rural Employment Guarantee Act brought about since 2014-’15. Mostly, these “improvements” are technological initiatives – greater convergence with other programmes, “geo-tagging” of MNREGA assets. They have not made a difference on two of the stated purposes – timely...
More »'RBI Governor must resign over troubles due to note ban' -Arun Janardhanan
-The Indian Express On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire population?” Chennai: Blaming the Reserve Bank of India Governor Urjit Patel for “misusing” the central bank to carry out demonetisation which “caused trouble to the common man”, D Thomas Franco, general secretary of All India Bank Officers Confederation has...
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