-The Indian Express GDP estimates are advance figures, but by the time they are revised only staid economists will be interested in them Unless we simply dreamt it, demonetisation delivered a massive shock to the economy in early November, which continued well into December because of slow pace remonetisation. The ensuing liquidity crunch affected most informal economic activity and some formal business, and economists generally agreed that declines in demand and disruption...

-The Indian Express Post-demonetisation, a reversal of the slowdown would require enhanced public spending. It doesn’t appear to be forthcoming. Given the economic uncertainty around the world and the demonetisation-induced domestic downturn in the Indian economy, preparing this year’s Union budget was never going to be an easy task. But the Modi government seems determined to make its task harder. It has managed to generate expectations — that will almost inevitably remain...

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

-Business Standard Read Part I of the series: The Centre used an off-the-record WhatsApp group to instruct states to check spending and work for rural poor under MNREGA New Delhi: Noticing a steep rise in demand for work under MNREGA in the drought year, the rural development ministry used an off-record WhatsApp chat group and told states to desist from generating more work for the poor under the Mahatma Gandhi National Rural...

-The Economic Times New Delhi: The government has asked 25 states that received less than 75% rainfall during the monsoon to factor in the deficit while preparing the labour budget for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in FY18. According to data analysed by the agriculture ministry, 155 districts in 25 states received less than 75% of the long period average rainfall between June and September 2016. States...