-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...
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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...
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 »Delhi air pollution sets alarm bells ringing, shuts down primary schools, hits flights, trains
-Hindustan Times Delhi air pollution hit severe levels on Tuesday, prompting officials to shut down junior sections in schools and recommend a four-fold hike in parking fees as well as a cut in Metro fares. New Delhi gasped for oxygen on Tuesday as a toxic haze reduced visibility, affected flights and trains, and prompted chief minister Arvind Kejriwal to describe the national capital as a “gas chamber”. (Highlights) Delhi education minister Manish Sisodia...
More »Jean Dreze, development economist, interviewed by Santwana Bhattacharya (The New Indian Express)
-The New Indian Express NEW DELHI: Amid controversial reports of hunger deaths in Jharkhand due to PDS beneficiaries being turned away, economist Jean Dreze says that even official records show that a significant proportion of people are being deprived of food rations every month. In an interview with New Sunday Express, the prime mover behind the NREGA welfare scheme said “this does not mean that Aadhaar is solely responsible for the failures...
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