-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
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Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Poor swiped out in choice-less, not cash-less, society -Aruna Roy and Nikhil Dey
-The Indian Express For the poor, with little cash in the first place, digital promises to ‘swipe’ them out, before their marginalisation is even addressed. Demonetisation is, by its very nature, an autocratic, coercive step. The demonetisation of November 2016 has affected every single Indian. We are, as usual, persuaded to bear the pain and suffering, to “sacrifice” for the nation. The rhetoric continues but it now seems clear that the objective...
More »BPL cardholders to get coupons to buy Rations from open market
-Deccan Herald Bengaluru: Below Poverty Line (BPL) Ration cardholders will soon have the option of redeeming coupons for rice and other foodgrain of their choice at general provision stores, if unhappy with the quality of Ration supplies. In what appears a departure from Chief Minister Siddaramaiah’s pet scheme ‘Anna Bhagya’ or rice at highly subsidised rates, the department of Food and Civil Supplies has adopted the new method citing huge shortfall in...
More »The popularity of low-cost canteens shows food security is still a dream for many -Cherian Thomas
-Hindustan Times Low-cost State-sponsored food schemes are mushrooming across India. Inspired by Tamil Nadu’s Amma Canteens – where meals are sold for as little as Rs. 5 - Andhra Pradesh, Odisha, Telangana and Rajasthan have followed suit and started similar canteens in their states. Madhya Pradesh too is planning to launch a similar subsidised food scheme. The growth of such canteens across India underscores several issues related to the Right to...
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