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Demonetisation failed to make India a 'less cash' society -Vivek Dehejia and Rupa Subramanya

-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and Black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. Numerous...

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Tardy govt risks spoiling benami drive

-PTI New Delhi: The attachments of over 780 benami assets, worth crores, risk being invalidated because of the government's failure to create a designated adjudicating authority in the 19 months since enforcing a stringent law against Black money and corruption. The Centre had amended the Benami Property Transaction Act of 1988 and enforced the tighter version on November 1, 2016, days before Prime Minister Narendra Modi demonetised 1,000-rupee and 500-rupee notes. Section 7...

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A new problem of plenty: Protein excess -Parthasarathi Biswas

-The Indian Express Government godowns are, for the first time, bursting at the seams with pulses on record procurement Pune: When in mid-December, Anand Pawar decided to register the standing tur (pigeon-pea) on 10 out of his 50-acre holding with the Maharashtra State Cooperative Marketing Federation’s purchase centre at Latur, he was quite hopeful of realising the government’s minimum support price (MSP) of Rs 5,450 per quintal for the soon-to-be-harvested crop. At...

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Black money wall after RTI query

-The Telegraph New Delhi: A Right to Information applicant has drawn a blank while trying to access studies carried out on Black money by autonomous research institutions under the finance ministry, making him wonder whether these documents have been sucked into some black hole. Even the much-touted special investigation team on Black money - set up by the Narendra Modi government soon after assuming office - has informed Venkatesh Nayak of the...

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Grid stability is key -Aditya Vora & Armin Rosencranz

-The Hindu The ambitious plan to help farmers earn from solar power generation hinges on small details Electricity is a major concern in rural India, especially for farmers. The Government of India has come up with an original plan to address this problem. Instead of transmitting electricity to the farmers, the government, to start with, wants farmers to use solar energy to power their irrigation pumps. According to the January 2018 report...

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