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Demonetisation: Politics trumps economics -Deepak Nayyar

-Livemint.com The possible macroeconomic consequences of demonetisation are cause for concern as cash is the lifeblood of the economy It is exactly one month since Prime Minister Narendra Modi announced the decision that Rs.500 and Rs.1,000 notes would cease to be legal tender acceptable for payments in settlement of transactions. There was some provision for exchange or deposit of old notes at banks, but with specified limits on sums and time. The past...

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The mystery of agricultural growth -Himanshu

-Livemint.com Latest data released by ministry of agriculture shows that sowing of rabi crops, expected to be higher than last year, is still lower than normal area sown That demonetisation will cause Indian Economic growth to slow is no longer a matter of speculation. While clear estimates of the extent of deceleration will only emerge after some time, preliminary estimates of automobile sales and the purchasing managers’ index (PMI) for manufacturing...

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Sangh's arm adds job jolt -JP Yadav

-The Telegraph New Delhi: The chief of the Rashtriya Swayamsevak Sangh's labour arm today said that far more jobs had been lost than were created since the Narendra Modi government assumed office, adding that the demonetisation had cost many jobs too. "Under the new government, 1 lakh and 35 thousand job opportunities have been created so far but 20 lakh people have lost their jobs," Baij Nath Rai, president of the Bharatiya...

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Every 3rd Indian migrant, most headed south -Zeeshan Shaikh

-The Indian Express Census 2011 data shows a 98% increase in Tamil Nadu’s migrant population, 77% in Kerala’s; 69% of migrants are women . MIGRATION patterns in India are increasingly reflecting the economic divide in the country, with more migrants over the last decade heading to the southern states, which have grown at a faster clip during this period. According to Census data released on Thursday, southern states, especially Tamil Nadu and Kerala,...

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Modi govt yet to match UPA's economic record -Krishna Kant

-Business Standard GDP the only variable where the current government has kept pace with the previous one Mumbai: The Narendra Modi government needs to grow economy at twice the speed in its second term to catch up with the economic performance of the previous United Progressive Alliance-II (UPA-II) government and even faster if it wishes to trounce UPA-I’s record. For example, the manufacturing sector needs to grow at a compounded annual growth rate...

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