-TheWire.in The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It...
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Salt to the wound -Prabhat Patnaik
-The Indian Express Government could have undone the damage of demonetisation through the budget. The opportunity has been missed in deference to the whims of global finance. Since 97 per cent of the value of demonetised currency has returned to the banks, causing, contrary to the government’s expectations, very little extinction of currency, it is obvious that demonetisation has totally failed to achieve its purported objective of denting the black economy. It...
More »SC gives Narmada oustees Rs. 60 lakh and 2 months time -Bhadra Sinha
-Hindustan Times The Supreme Court brought curtains on a decade-old litigation started by the families affected by the Sardar Sarovar project on Narmada River as it directed payment of final compensation to the oustees, also paving way for the dam to operate at its full capacity. A bench headed by Chief Justice JS Khehar ordered payment of Rs 60 lakh each to 681 families in Madhya Pradesh who did not receive compensation...
More »Public Money wasted, not a drop of Ganga cleaned: NGT
-PTI New Delhi: “Not a single drop of river Ganga has been cleaned so far,” the National Green Tribunal on Monday observed, rapping the government agencies for “only wasting public Money” in the name of the cleaning project. The tribunal asked the government agencies about how they were executing the Prime Minister’s ambitious ‘Namami Gange project’ and said it does not want the “drama” regarding complaints between the Centre and Uttar Pradesh...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-Money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black Money, the...
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