-National Herald Contrary to what PM Narendra Modi and his colleagues claim that the nation supported demonetisation, a new study has found that only 20% were in favour of the move or confused. The rest against it That demonetisation has Been a disaster has Been acknowledged by all, except by those walk through the corridors of power. But, now there is an additional set of statistics to back the sensible thought. According...
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A damaging and mindless act -Prabhat Patnaik
-The Hindu Business Line It was a gratuitous and direct assault on the informal sector by the state The retrospective defence being provided by the Government for its act of suddenly demonetising 86 per cent of the country’s currency is as mindless as the act itself. The main argument for demonetisation that was advanced a year ago was that ‘black money’-holders would not dare to bring their demonetised currency to the banks;...
More »Delhi chokes on air pollution: Why blame farmers for burning crops? Here's what government must do -Sumit Chakraborty
-The Financial Express Air pollution in Delhi has reached extremely hazardous levels, with grave health consequences. Blame has Been pinned on paddy stubble burning in neighbouring states of Haryana and Punjab – in fact, it is one of the main causes for the dangerous air quality index levels in the national capital and surrounding areas. This usually happens ahead of the winter season. Stubble burning is essentially a common practice followed...
More »Demonetisation anniversary: Why less cash in itself may not necessarily mean less black money -Sunny Verma
-The Indian Express It can also mean other things such as currency shortage, transaction mode shift. The government has presented a lower cash-to-GDP ratio as a key achievement of demonetisation, and a measure of black money being checked. Economists, however, caution against reading this metric in isolation. Prime Minister Narendra Modi said last month that the cash-to-GDP ratio is down to 9% after demonetisation, from over 12% earlier. “Was it possible if a...
More »One year after demonetisation, cash is still king -Roshan Kishore
-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments...
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