-Caravan Magazine Since the Aadhaar programme, which aims to provide Indian citizens with unique identification numbers, was launched in 2009, several petitions have been filed before the Supreme Court that oppose its application by the government. These petitions have challenged the Aadhaar programme on various grounds: the government’s right to ask the citizens to provide biometric data for Aadhaar verification without adequate safeguards against its potential misuse; the legality of the...
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Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)
-The Hindu The truth may ultimately prevail about demonetisation, but the government might be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the economy quite...
More »Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
More »Demonetisation, farmer suicides, and the Union budget -Roshan Kishore
-Livemint.com Crash in farm prices could accentuate bankruptcy, which was the biggest reason for farmer suicides in 2014 and 2015 After two successive years of drought, 2016 was turning out to be a relatively better year for farmers till 8 November. The decision to scrap high-value currency notes, announced on that day, seems to have hit the farm sector the hardest. While credible and timely data on farm incomes and output is hard...
More »Demonetisation U-turn? RBI now turns away people wanting to exchange Rs 500, Rs 1,000 notes
-PTI New Delhi: Hundreds thronging the RBI office to exchange old Rs 500 and 1,000 notes returned empty handed as the central bank is allowing the facility only for NRIs or those who were abroad during the 50-day demonetisation period.' Prime Minister Narendra Modi in his address to the nation on 8 November, 2016 had said, "There may be some who for some reason, are not able to deposit their old 500...
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