-PTI RBI had met just two-and-a-half hours before PM Narendra Modi announced demonetisation on 8 November 2016 The government has always maintained that demonetisation did not have much impact on India's GDP growth New Delhi: The board of the Reserve Bank of India (RBI), which included the present governor Shaktikanta Das as a director, had warned of short-term negative impact of demonetisation on Indian economy and observed that the unprecedented move will not...
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Prof. Guy Standing, economist at the School Of Oriental and African Studies, University of London, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...
More »Cash in system surges: Informal sector's back? -Mayur Shetty
-The Times of India MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in Currency usage points to a recovery in 'informality' in the economy as the government goes easy on goods and services tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of...
More »Maharashtra cane farmers wait for dues, offered sugar as Currency -Partha Sarathi Biswas
-The Indian Express Mushrif said that his mill, like many others, had no other option. The Sugar Commissioner of Maharashtra, Shekhar Gaikwad, had issued orders on January 29 for the attachment of properties of 39 mills across the state for non-payment of FRP to farmers. Pune: With payment arrears to cane growers during the current crushing season that started last October at over Rs 4,800 crore already, cash-strapped sugar mills in...
More »Impossible to double farmers' income in six years, says Abhijit Sen -Abhishek Waghmare
-Business Standard Ex Plan panel member also says demonetisation took a huge toll on cultivators and labourers; favours loan waivers, is skeptical about cash support scheme New Delhi: Former member of the erstwhile Planning Commission, Abhijit Sen, has said that the ambitious aim of doubling farmers’ incomes is impossible target in the period the government has set for it. Addressing an Economics Summit organised by Sri Ram College of Commerce in Delhi,...
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