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Havoc unleashed by demonetisation evident to everyone now, says former PM Manmohan Singh

-ThePrint.in In a statement issued on the second anniversary of demonetisation, former PM Manmohan Singh urged against ‘unorthodox, short-term economic measures’. Today marks the second anniversary of the ill-fated and ill-thought demonetisation exercise that the Narendra Modi government undertook in 2016. The havoc that it unleashed on the Indian economy and society is now evident to everyone. Notebandi impacted every single person, regardless of age, gender, religion, occupation or creed. It is often...

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Poverty in all its faces -C Rangarajan & S Mahendra Dev

-The Indian Express Growth can alleviate poverty but its definition needs to expand to make any tangible difference on the ground. Amidst the din caused by the story of rising billionaires, the message on India’s poverty decline in the recent report of the Oxford Poverty and Human Development Initiative has been lost. UNDP and Oxford University released the report on Global Multidimensional Poverty Index (MPI) 2018. This report covers 105 countries. The...

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India's wealthy barely pay taxes -CP Chandrasekhar and Jayati Ghosh

-NetworkIdeas.org India is often mistakenly seen as a country with relatively low economic inequality. In fact, there were always very significant economic inequalities in India, which intersected with social and locational inequalities in complex ways. More significantly, the country’s inequalities widened after the internal and external economic liberalization measures from the early 1990s, which attracted global financial investors and boosted Economic Growth considerably. The estimates of low inequality are usually based on...

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How GST and demonetisation impacted govt finances -Tadit Kundu

-Livemint.com Tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year’s fiscal deficit target Mumbai: Widening the tax base and collecting more taxes has been a priority for the current government at the centre. This government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these...

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Our real ranking: Highest statue in the world -- and other sad tales of rising India -Kanti Bajpai

-The Times of India blog Apparently, we should be proud that India has the highest statue in the world – taller than anything the US and China possess. Poor Sardar Patel – his memory invoked in such a schoolboy way. A giant leader, with all his strengths and weaknesses, represented by a monstrous metal emblem of rising India. As we think about the tallest statue in the world, we should also remember...

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