-Economic and Political Weekly Documents seized by the Income Tax Department in private corporations imply pay-offs were made to the PM and leading politicians. At 8 pm on 8 November 2016, as Prime Minister Narendra Modi took to a live broadcast on Doordarshan to make the historic announcement that the government was demonetising notes of Rs 500 and Rs 1,000, emphasising his commitment to ridding India of the “evils of corruption” and...
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Rabi sowing slows down
-The Hindu Business Line Bengaluru/ Ahmedabad: Though acreage under the main rabi (winter) crops, such as wheat, gram and mustard continued to rise, overall sowing for the season across the country has turned sluggish as cash-strapped farmers have slowed down planting. According to preliminary data released by the Agriculture Ministry, acreage under rabi crops till November 18 stood lower, at 241.73 lakh hectares, compared to 243.38 lakh ha in the corresponding period...
More »In fact: When the money stops -Harish Damodaran
-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...
More »India needs strategy for dal production; here?s why -Yoginder K Alagh
-The Financial Express There is by now substantial agreement amongst analysts that a strategy for dal production which ensures supplies and a reasonable degree of self-reliance is sorely needed, and the country cannot go from one crisis to another without a well-worked-out policy. However, the discussion is flawed on its assessments of what governments can and cannot do and on the lack of a short and medium strategy to enhance production....
More »13 Ways In Which Indians Will Convert Their Black Money Into White Even After Demonetisation -Shivam Vij
-HuffingtonPost.com As the poor struggle, black money owners are finding a variety of ways to save their wealth. In Pali in Rajasthan, a family couldn't take their ill infant to the hospital because the ambulance wouldn't accept Rs 500 or 1,000 notes. By the time they could get someone to give them Rs 100 notes, the newborn had died. This is one of several such deaths after the government de-legalised Rs 500...
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