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UNESCAP: Note ban effect 'transient'; India to grow 7.1% in 2017 -Surabhi Prasad

-The Hindu Business Line Sees enhanced infra spending, higher consumption New Delhi: While noting that demonetisation of high value currency by the government last year will help bring in more taxpayers into the tax net, the United Nations ESCAP in a new report has said that more measures will be required to fight black money in the future. “The measure did not, by itself, impede future black money flows in new denominations. …...

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Note ban philosophy -Richa Roy

-The Indian Express Six months on, there appears little justification for demonetisation in theories of politics, governance. Demonetisation has been evaluated through multiple dimensions — political, economic, constitutional, legal — and the role of the institutions involved. However, what were the philosophical underpinnings for “the most sweeping change in currency policy that has occurred anywhere in the world in decades”? One might think demonetisation was from the utilitarian school (given the rhetoric around...

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Government plans lower I-T slab, free health check-ups for women -Mahendra K Singh

-The Times of India NEW DELHI: Acknowledging that women are a disadvantaged section despite comprising nearly half of the population of the country, the Centre is considering lowering income tax for single women, introducing Aadhaar-linked health cards for free basic health check-ups for women and Cashless medical service for those who are pregnant. A national policy for women, framed by a group of ministers headed by external affairs minister Sushma Swaraj, is...

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The De-digitisation of India -CP Chandrasekhar and Jayati Ghosh

-Macroscan.org/ The Hindu Business Line Despite the government's efforts to digitise the Indian economy forcibly, non-Cash forms of payment appear to have declined as more currency has been made available to the public. This points to major flaws in the government's coercive approach and the underlying rationale for Cashlessness. Please click here to read more. * This article was originally published in the Business Line on April 24, 2017. ...

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What's wrong with electoral bonds -Bishwajit Bhattacharyya

-The Hindu Business Line These bearer instruments can’t make political funding transparent; they don’t address the insidious corporate-politico nexus The Government is all set to introduce a scheme offering political bonds as bearer instruments which will conceal the identity of the bond buyers and enable a process of political donations that, it argues, will make funding political parties transparent. The argument is deeply flawed. Electoral bonds as envisaged here open up yet another...

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