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Don't eulogise Amma for her freebie politics -SA Aiyar

-The Times of India blog Authoritarian leadership, big corruption, and endless freebies for the masses. These were the hallmarks of Tamil Nadu chief minister Jayalalithaa (popularly called Amma) who died last week. In this week of mourning, she has been praised by even her bitter political foes. Yet this political correctness must not distort her electoral record. Since the 1970s, power in Tamil Nadu has oscillated between the DMK and Amma’s AIADMK....

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Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu -George Mathew & Priyanka Sahoo

-The Indian Express According to him, the currency shortage in the country is unlikely to ease any time in the near future. Mumbai: India’s former Chief Economic Advisor and former chief economist of the World Bank, Kaushik Basu has warned the government that the economy would take a turn for the worse next year besides greater suffering for people in the days ahead and of a new form of corruption building...

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Accounting for natural capital -Prakash Nelliyat

-The Hindu Biodiversity integration into developmental plans is crucial for sustainable development In a ‘Mann Ki Baat’ broadcast recently, Prime Minister Narendra Modi made his environmental concerns clear when he asked people to use Ganesha and Durga idols made of clay instead of plaster of Paris. His appeal is bound to stimulate our environmental consciousness and encourage the preservation of precious natural resources. We need to build on this appeal and follow...

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Questions on cash goalposts -Jayanta Roy Chowdhury

-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...

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Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi

-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...

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