-Livemint.com The impact of demonetisation on the organized sector creates a visible effect. The suffering of Bharat is diffused, invisible, but hugely more painful ‘Why doesn’t the informal sector, supposedly badly hit by demonetisation, protest or scream in pain?’. Defenders of demonetisation often pose this question. The question assumes that the suffering poor people face because of government policies always finds political expression. If you want an answer to the question, please...
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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 »Picking up the pieces -Pronab Sen
-Ideas for India In an earlier article, Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that the potential damage could be substantial, both in terms of growth and equity. In this article, focussing on solutions, he contends that the government now needs to realise that credit for production purposes is at least as,...
More »Government Responds to Story on Rural Development Ministry's WhatsApp Group -Nitin Sethi
-TheWire.in Nitin Sethi responds to the rural development ministry’s defence to reports that it used a WhatsApp group to tell states to stop creating MGNREGA work. Ministry of rural development (MORD) clarifies: The reports are not a summary of the reality. It has questioned the intent of the government on the basis of an informal communication of a joint secretary of the department. The informal communication of a joint secretary does not...
More »How govt used WhatsApp to curtail work given under MNREGA -Nitin Sethi
-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...
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