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Niti Aayog chief rings the alarm bell, calls for unprecedented steps

-The Indian Express While blaming a large part of the problem on the high credit growth between 2004 and 2011, when it grew 27 per cent and resulted in a build-up of NPAs, he said it takes a lot for the government which has inherited all the 'systems and inertia'. New Delhi: Taking cognizance of the bad liquidity situation in the financial sector and weak private investment in the economy, Rajiv...

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The Modi government is facing a serious cash crunch -- thanks to GST -Shoaib Daniyal

-Scroll.in More than a tenth of GDP is provided by government expenditure. This is (more) bad news for the Indian economy. In 1773, the British Parliament passed the Regulating Act, appointing a governor general to oversee all of British India. This law marked the beginnings of the Central government of the British Raj, the single most significant institution to shape the Indian subcontinent for the next two centuries. It continues till today...

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Augmenting Agrarian Livelihoods in the Time of Crisis: A Baseline for KALIA -Sarthak Gaurav

-Odisha Economy Discussion Series-2, April 2019, Nabakrushna Choudhury Centre for Development Studies, Bhubaneswar Purpose – The recently launched KALIA scheme of the Government of Odisha is a massive direct benefit transfer (DBT) scheme aimed at improving the condition of around three million farm households along with that of landless cultivators, sharecroppers, agricultural labourers, and vulnerable households. However, evaluations of the impacts of the scheme are likely to face difficulties in the...

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Civil society activists condemn the statement by Rural Development Minister in Parliament on discontinuation of MGNREGA scheme

-Press statement by NREGA Sangharsh Morcha dated 19 July, 2019 While it is heartening that a discussion on rural development lasted for nine hours in Parliament with important issues on MGNREGA being raised, we are deeply disappointed at the statement of the Rural Development Minister that not only displays a lack of understanding of the program but also betrays the clear anti-poor sentiment of this government. On the central issue of inadequate...

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A new mandi tax -Harish Damodaran

-The Indian Express A 2 per cent TDS on cash withdrawals beyond Rs 1 crore may hit the farm trade hard. One of the 2019-20 Union Budget’s less-discussed proposals, having significant implications for agricultural trade, is the levy of a 2% TDS (tax deducted at source) on cash withdrawals exceeding Rs 1 crore in a year from any bank account. The levy — aimed at promoting “digital payments” and a “less cash...

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