-The Indian Express Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states One fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation both for the country and for individual states. And here the news, based on analysing nine full months of data, is encouraging. Three important and new points stand out. One, aggregate revenues are highly buoyant....

-The Hindu The judiciary doesn’t seem to fully appreciate the economic consequences of its judgments The number of legal disputes involving property, contract, labour, tax and corporate laws is bound to increase with an expanding economy. How they are adjudicated by courts not only has direct consequences for the disputants, but also shapes the behaviour of individuals and entities involved in production, commerce and banking. Judicial findings also influence decision-making of government...

-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. Numerous...

-The Hindu Business Line Srikrishna panel seeks to meet Minister New Delhi: The much-awaited data protection policy may soon come out as the recommendations on the draft Data Protection Bill are ready, and can be submitted to the Minister of Electronics and Information Technology, any day within this week. An expert Committee chaired by retired Supreme Court judge BN Srikrishna has prepared the recommendations. The Committee was set up in December to study...

-Financial Express Water resources minister Nitin Gadkari said on Thursday it was practically difficult for sugarcane farmers in Maharashtra to abandon the water-guzzling crop and shift to other crops, as the latter are less remunerative. “I ask as a farmer. I will not undertake the sugarcane crop, you tell me what should I do…. The price of non-basmati rice is `13-14 per kg, which is peanuts and look at the price (escalation)...