-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black Economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most...

-The Indian Express Latest RBI bulletin projects contraction for a second consecutive quarter, which means the Economy is in a ‘technical recession’. What does it mean, and how is it different from a ‘recession’ and a ‘recessionary phase’? In its latest monthly bulletin — for November — the Reserve Bank of India has dedicated a chapter on the “State of the Economy”. The idea is to provide a monthly snapshot of some...

-NetworkIdeas.org In a move that was expected, the US Justice Department has filed an anti-trust lawsuit against internet search giant Google, alleging that it resorts to anti-competitive practices to ensure its dominance in the search engine space and, through that, over the related online advertising revenues. As a leading example the case cites the successful effort to exclude the competition through a deal, in place since 2005, in which Google pays...

-The Hindu It can be made workable if there is political will and fiscal resources As economies around the world struggle to recover from the double whammy of a pandemic and a lockdown, unemployment is soaring. In India, the land of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the promise of jobs and the politics of unemployment have a long history. Can a citizen demand work as a right, and...

-Down to Earth Government spending has led to demand growth in rural areas; but what if it comes down? Rural India has emerged as the saviour of the shattered Indian Economy. From Ratan Tata to the governor of the Reserve Bank of India, everybody is betting on the consumption demand growth in rural areas to boost the novel coronavirus disease (COVID-19) pandemic-stricken Economy. There is a lot of talk on the ‘green shoots’...