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Farm laws repeal hailed but seen as no solution to the ills that have dogged the agri sector -E Kumar Sharma

-Financial Express Sukhpal Singh, professor and former chairperson, Centre for Management in Agriculture at the Indian Institute of Management (IIM), Ahmedabad underlined the point that the problems of the agriculture sector cannot be resolved by the repeal of the laws per se. The Friday morning announcement by Prime Minister Narendra Modi of his government’s decision to begin the process to repeal the three contentious farm laws have been generally hailed though some...

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Colossal notes ban failure buried in silence -TM Thomas Isaac

-The New Indian Express Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and...

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Editorial: In a stew

-The Telegraph The Centre’s efforts to introduce reformist laws to reinvigorate the business ecosystem can often be stymied by the states through regressive legislation Labour reform in India has always been a prickly subject and any attempt to amend legislation sparks outrage and resentment among one or the other group of stakeholders in the economy. When the Narendra Modi government crunched 29 Central laws into four labour codes last year, India Inc...

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Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik

-National Herald The combination of ignorance, arrogance and the desire for “shock and awe” on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs...

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Pronab Sen, Programme Director for the IGC India Programme and first Chief Statistician of India, interviewed by Vikas Dhoot (The Hindu)

-The Hindu The ill-prepared move left India with all the damages and very few of the benefits On November 8, 2016, Prime Minister Narendra Modi announced that from midnight, ₹500 and ₹1,000 notes would no longer be considered legal tender in India. The government’s stated aim was to curb corruption and the pervasion of black money in the economy, as well as the proliferation of fake currency which was also being used...

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