-The Financial Express The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in...
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Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
-NDTV In his Budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Cash transactions of more than two lakhs will be considered illegal and penalised, the government has proposed today. In the government's annual Budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. In...
More »Farm loan waiver is no solution to farmers' woes -Tamal Bandyopadhyay
-Livemint.com The focus should be more on making the prime minister’s crop insurance scheme a success than demanding farm loans waivers from banks Last week, the Indian National Congress at the Maharashtra assembly submitted a breach of privilege notice against State Bank of India chairman Arundhati Bhattacharya for “insulting farmers and the House” by her remarks on farm loan waiver. The leader of the opposition in the state assembly, Radhakrishna Vikhe Patil,...
More »Letters for 2 years, SOS to PM, Election Commission still awaits EVM papertrail funds -Ritika Chopra
-The Indian Express VVPAT machines produce a printout of the vote cast using an EVM, which can be shown to the voter to dispel any doubts IN A letter to Prime Minister Narendra Modi four months ago, the Election Commission sought urgent release of funds to procure enough Voter Verified Paper Audit Trail (VVPAT) machines to cover all polling stations ahead of the next Lok Sabha elections in 2019. The EC has...
More »Tamil Nadu scales down foodgrains target
-The Times of India CHENNAI: Failure of monsoon and farmers' distress have forced the state government to scale down the target for foodgrains production for the next financial year to 100 lakh tonnes, a 32% fall from the initial target set for the current financial year. Announcing this while presenting the Budget, finance minister D Jayakumar said a slew of measures was being taken to overcome the water shortage. Considering that...
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