A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
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Odisha farmers go back to barter of labour practice post demonetisation
-PTI KENDRAPARA: With the harvesting of paddy crop drawing near, the age-old practice of 'Badalia', a system of exchanging labour services prevalent in coastal districts, is showing signs of revival in some pockets of Odisha. A small and marginal farmer like Jugal Kishore Lenka is all set to work in a fellow farmer's plot during harvesting to cut down his need for cash in the post-demonetisation scenario. Together with Sudam Sahu, a fellow...
More »More married women at work than single: Census -Subodh Varma
-The Times of India NEW DELHI: How does marriage affect a woman's job prospects, and later, how does she negotiate issues like the number of children and their gender? Recently released Census 2011 data offers some interesting insights. Among those in the child-bearing age of 15-49 years, married women are more likely to be working than unmarried women. Those with regular jobs are also likely to have fewer children. But there is...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-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...
More »Motive behind demonetisation is justifiable but there may be collateral damage
There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
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