-Livemint.com A partial hike in the MSP on paper was packaged by the govt as three fresh and historic steps for farmers’ welfare Minimum support price (MSP) is a fiction. It is a feel-good fiction. The farmers are free to sell their crop for as much as they wish, but should the prices fall below a minimum level, the government is there to help them. MSP is a sovereign guarantee that the state...
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RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh
-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
More »Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya
-Financial Express Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation? Minister of Finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in...
More »18.6 million without jobs in India this year, unemployment rate to stand at 3.5 per cent in 2019
-India Today According to its latest report by ILO, India has an estimated 18.6 million jobless in the country this year which will increase to 18.9 million in 2019 Many would argue that the core objective behind education is to gainful employability. They are not far from the truth. Indeed, many organizations that evaluate the return on investment in education do so on the basis of the employability quotient. The data with regard...
More »With due respect, Finance Minister -Arun Kumar
-The Indian Express There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation. The government did not celebrate the second anniversary of demonetisation, one of its biggest policy initiatives. It has celebrated the anniversary of all other big policies. Why the diffidence? The Finance minister did come out with a statement listing the achievements of demonetisation. But his...
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