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Don't believe everything they tell you about breakneck formalization -Pramit Bhattacharya

-Livemint.com There is good reason to doubt the reported decline in the informal sector’s share of Indian GDP A State Bank of India (SBI) report that grabbed headlines recently suggests that India’s informal sector has shrunk dramatically in recent years. Given that the claim comes from the economic research team of a major state-owned financial institution, it deserves scrutiny. The SBI report examines the likely loss of output or gross domestic product (GDP)...

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Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this? -TR Bhat

 -Scroll.in There must be consultation and greater co-ordination between the Reserve Bank as the regulator of money supply and the government as the sovereign. While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of India as the principal regulator of money supply in India. In understanding the controversial conduct...

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Five years since demonetisation: What has changed? -Roshan Kishore

-Hindustan Times While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets. November 8, 2021 marks five years of demonetisation in India. On this day in 2016, in a televised address at 8 pm, Prime Minister Narendra Modi declared that currency notes of ₹500 and ₹1000 -- these two denominations were 86% of the currency in circulation at the time in...

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As schools re-open, address language & mathematics competences at different grades, adopting a socio-emotional development approach, suggests NCEE

-Press release by National Coalition on the Education Emergency dated 2nd November, 2021 * India’s 250 million children returning to school after 18 months of school closures and devastating learning loss * The NCEE warns that re-opening schools cannot be “return to school” as normal, and lack of a comprehensive approach will deepen the existing education inequality * Education recovery efforts require a multi-year, radically new approach, NCEE says NEW DELHI: The overwhelming majority...

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TN destitute misses demonetisation bus, loses life savings -Sivaguru S

-The New Indian Express One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently got a shock on hearing his savings of Rs 65,000 are now worthless. KRISHNAGIRI: It’s been about five years since Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes, but apparently, there are people who’ve just received the news. One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently...

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