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In one stroke, demonetisation has shaken the trust our monetary system is based on -Devangshu Datta

-Scroll.in Even the long-term benefits of the move seem to be outweighed by the heavy costs and disruption it would cause, particularly for the lower income groups. The demonetisation of Rs 500 and Rs 1,000 currency notes came as a surprise to almost everyone. The details of re-monetisation are still to become entirely clear. What follows is a set of personal opinions of likely outcomes arising from this move to demonetise. Each...

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Kerala govt. website in data gaffe -SR Praveen

-The Hindu Personal data of 1.5 crore PDS beneficiaries laid bare without password protection Thiruvananthapuram: The Kerala government may have compromised the privacy of Public Distribution System beneficiaries, by making available their personal information online. Personal data such as monthly income, electoral card details, consumer numbers of power and cooking gas connections of 1.5 crore residents were published on the Civil Supplies website, throwing open the possibility of misuse by private companies and...

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Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan

-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...

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Don't Fall For Aadhaar and Biometric-Based PDS Reforms, Academics Tell Nitish Kumar -Gaurav Vivek Bhatnagar

-TheWire.in Given the negative impact biometric point of sales machines have had in Jharkhand and Rajasthan, the group urged Bihar to continue its own PDS reforms. A group of economists and social scientists have urged Bihar chief minister Nitish Kumar to not buckle under pressure from the Centre to use Aadhaar-based point of sales (PoS) machines for the distribution of rations under the public distribution system (PDS). These machines have been found...

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31% rural households indebted, paying heavy interests despite various govt schemes: Panel -Iftikhar Gilani

-DNA Only 17% rural households take loans from financial institutions | Caste affiliation, gender play a part in getting credit As many as 31% of rural households in India are indebted and a significant number still depend on money-lenders, paying heavy interests, despite various government schemes and a network of rural banking. A parliamentary panel that probed the state of rural, agricultural banking found that a mere 17% rural household had taken...

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