-Business Standard Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back. States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by...
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Why farm deflation is essentially a problem of liquidity -Harish Damodaran
-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...
More »The myth of appeasement -Christophe Jaffrelot & Kalaiyarasan A
-The Indian Express Muslims face rapid socio-economic decline. Yet, any move in their favour is made to look illegitimate In the current debate on the place of the Muslims in India, one variable has not been factored in — their socio-economic situation — as if the dominant repertoire had shifted for good towards the politics of symbols and identity. In socio-economic terms, Muslims are losing ground rapidly, even if their situation is...
More »Centre's move to dilute rules on cattle sale in livestock markets defeats very purpose of animal welfare India -Alokparna Sengupta
-Firstpost.com Last year, in May 2017, the Ministry of Environment, Forests and Climate Change (MoEFCC) notified the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules 2017, drafted to ensure the welfare of animals in livestock and cattle markets. The rules were formed in compliance with an order of the Supreme Court (Gauri Maulekhi versus Union of India) to regulate livestock markets in order to curb illegal cattle trafficking and...
More »As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points -Debjani Chatterjee
-NDTV (With inputs from agencies) As ATMs ran dry in several parts of the country, finance minister Arun Jaitley said the shortage is temporary and is being tackled quickly. New Delhi: In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage...
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