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The illusion, the reality check -Pranab Bardhan

-The Indian Express Three years after the Modi government assumed office, the promise of job creation is unmet. The demon of corruption is not yet slayed As the triumphal march of the Modi-Shah juggernaut continues, smashing the feckless and disorganised Opposition on its way, it is useful to ponder over at least two of the grand hoaxes of the current regime over the last three years that have been impressively successful with...

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RBI surveys a wake-up call for the Narendra Modi government -Manas Chakravarty

-Livemint.com The RBI survey for June 2017 shows people are as unhappy with their INCome growth, employment and economic well-being as they were before the Narendra Modi government came to power Perceptions matter. The government of the day will be able to garner more support if people feel their INComes are INCreasing or their employment prospects have improved. True, non-economic factors matter a lot and, throughout history, the ability to stage circuses...

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Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu

-PTI India is a society that is poor, but is respected for its scientific temper and research, and "we should not backtrack on that," the former World Bank chief economist said. Mumbai: Amid a debate over INCidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, “such as demonetisation”. Delivering the 23rd Lalit Doshi memorial lecture here...

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Delay in compensation wrongly calculated under NREGA: Researchers -Pratap Vikram Singh

-Governance Now Only 20 percent wage payments are time bound under NREGA, says a new study A new research on the implementation of national rural employment guarantee law (NREGA) disputes the way central government measures and offers the delay in compensation to workers. A group of three independent researchers claim that the figures in the NREGA management information system (MIS) have been manipulated to only partially calculate the duration of wage...

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ATM expansion slows due to note ban -Manojit Saha

-The Hindu Replacement of systems more than 7 years old, Centre’s digital push lead to cutting down on new installations A combination of factors, INCluding cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed. According to Reserve Bank of India (RBI), there were...

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