-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

-The Financial Express While the Central Statistical Organisation has estimated “agriculture and allied services” to grow 4.1% in FY17, Niti Aayog member Ramesh Chand expects the growth rate to be a handsome 7%. Chand spoke to FE’s Prasanta Sahu and Sandip Das on critical factors that need to be addressed to ensure at least 4% annual growth over the next 15 years. * How do you foresee the direction of the agricultural...

-The Hindu Pit emptying must become central to India’s efforts to eliminate open defecation Both Ambedkar and Gandhi protested the practice of untouchability by encouraging upper castes to deal with their own waste. Last weekend, the SECretary of the Ministry of Drinking Water and Sanitation, Parameswaran Iyer, took up their call for action by emptying the decomposed waste from a twin-pit latrine in Warangal district, Telangana. Mr. Iyer deserves praise for calling...

-The Indian Express Demonetisation shows India’s social welfare measures like MGNREGS to be worryingly patchy Following the announcement of demonetisation, reports of its devastating impact on informal SECtor workers, farmers and migrants began to pour in from across the country. Seeking evidence on two questions — do social SECurity measures work in the face of such an economic shock, and do these programmes themselves face disruption because of demonetisation — we conducted...

After facing intense criticisms from various SECtions of the society following its policy of demonetisation during November-December, 2016, the NDA government has finally something solid to cheer about. Riding on the back of a normal monsoon, gross foodgrain production is likely to reach a record level of about 272.0 million tonnes in the crop year 2016-17. As per the SECond advance estimates of foodgrain production, which has been released by...