-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...

-Business Standard This policy involves providing products and services such as electricity and fertilisers at below-market prices New Delhi: While much of public discourse in India has tended to focus on expanding the current subsidy regime to help the poor, Vijay Joshi, economist at Oxford University, advocates shifting to a universal basic income, replacing all government subsidies with a single cash transfer to all citizens, providing them with a basic income guarantee. At...

-The Hindu Business Line The unique needs of those who work in cities even as they maintain homes in the village must be addressed by policymakers   Cities bring with them a sense of permanence. Many of them have been around for hundreds of years. Some of their more memorable institutions too tend to have long histories. It is no surprise, then, that most of urban policy takes aspects of a city to...

-The Financial Express Dismantling cane economy will not be painless, shift crop to drip irrigation Opinion-makers, from agricultural economists and academics to environmentalists, have blamed sugarcane for aggravating the water shortage in Marathwada. But the view is contested. ‘I reject the hypothesis,’ says Venkat Mayande, during a conversation in Pune. Mayande was vice-chancellor of Akola’s Panjabrao Deshmukh Agricultural University till 2012. How can 2.1 lakh hectare (ha) of cane cause a shortage of...

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...