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Five years since demonetisation: What has changed? -Roshan Kishore

-Hindustan Times While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets. November 8, 2021 marks five years of demonetisation in India. On this day in 2016, in a televised address at 8 pm, Prime Minister Narendra Modi declared that currency notes of ₹500 and ₹1000 -- these two denominations were 86% of the currency in circulation at the time in...

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Ayodhya: The poor collect mustard oil from diyas for cooking at homes -Piyush Srivastava

-The Telegraph The state government had organised a Diwali-eve celebration on November 3 and lit 9 lakh lamps, with Adityanath inaugurating the programme Lucknow: On Friday, Prime Minister Narendra Modi had praised the way the Uttar Pradesh government had marked Diwali in Ayodhya by lighting hundreds of thousands of diyas, saying “Ayodhya is getting back its glory”. On Saturday, a widely circulating video showed children collecting mustard oil from some of these diyas...

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Has India’s Informal Economy Really Shrunk? The Actual Story Is Different -Biswajit Dhar

-TheQuint.com A recent SBI report, which states that the informal economy has declined, avoids even defining ‘informal economy’. A recent edition of “Ecowrap”, a publication of the research team of the State Bank of India (SBI), has claimed that India’s informal economy has sharply declined from 52.4 per cent in 2017-18 to between 15 and 20 per cent in 2020-21 in the three years since 2017-18. This finding by the SBI research...

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How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey

-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...

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As schools re-open, address language & mathematics competences at different grades, adopting a socio-emotional development approach, suggests NCEE

-Press release by National Coalition on the Education Emergency dated 2nd November, 2021 * India’s 250 million children returning to school after 18 months of school closures and devastating learning loss * The NCEE warns that re-opening schools cannot be “return to school” as normal, and lack of a comprehensive approach will deepen the existing education inequality * Education recovery efforts require a multi-year, radically new approach, NCEE says NEW DELHI: The overwhelming majority...

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