-The Hindu Business Line Who would know better than Shaktikanta Das, the former secretary of the Department of Economic Affairs, the ‘Good, Bad, and Ugly’ side of demonetisation and GST, the two factors that disrupted the balance sheets of not only the government and corporates but also that of the common man. Das would like to call it “positive disruption” as he believes that the turbulence caused was short-term, and that...
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Are electoral bonds an elaborate ruse to protect anonymous donations? -Suchindran B N & Param Pandya
-The Economic Times blog Electoral bonds represent the latest attempt at removing black money from the electoral system. It is a financial instrument, much like a demand draft or currency note, which will conceal the identity of the donor from the intended recipient political party from everyone except the issuing bank. These bonds can be purchased for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1,00,000, Rs 10,00,000 and Rs...
More »Distress sign in job spend -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre has decided to pump an additional Rs 7,000 crore into the rural job scheme, which is being read by critics as an undeclared sign that economic distress is forcing more people to fall back on unskilled jobs in villages. The Union finance ministry has granted Rs 3,500 crore from the Consolidated Fund of India and asked the rural development ministry to divert another Rs 3,500 crore...
More »Why farmers don't have electoral clout -Avik Saha and Yogendra Yadav
-Down to Earth Although farmers vote at least as much, if not more than industrial workers or urban middle classes, elections are not fought around farmers' issues Elections are about numbers. Democratic politics is about stitching together a majority. So, the larger a group, the bigger is its “vote bank”, and greater is its electoral clout. A social group that constitutes a majority can therefore dictate its terms in an electoral democracy....
More »Expect a Budget for angry Bharat -TV Jayan and Rutam Vora
-The Hindu Business Line Falling farm prices, drying up of industrial jobs and lesser MGNREGA work have sharpened rural discontent. The Budget cannot ignore these factors in a year of 8 State polls The year 2017 was roiled by rural discontent. After two consecutive drought years (2014-15 and 2015-16), when agriculture growth plummeted (see table), the countryside was awash with hope after a good monsoon in 2016-17. However, record foodgrain output (272 million...
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