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...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-Livemint.com India unlikely to secure credible gains for its millions of poor farmers unless the govt stands firm against the US over its opposition to New Delhi’s demands in agriculture Geneva: India is unlikely to secure credible gains for its millions of poor farmers as part of the proposed outcomes of the World Trade Organization (WTO)’s Nairobi ministerial meeting unless the Narendra Modi government stands firm against the US over its...

If proof is needed of a policy paralysis, a recent official admission that poverty cannot be eradicated by 2020 cannot be dismissed out of hand. That this follows the Planning Commission's estimate of a rapid decline in poverty over the period 2004-05 and 2009-10 is not just intriguing but arguably schizophrenic. The former is utterly pessimistic while the latter is optimistic notwithstanding dubious price adjustments designed to deliver a favourable...