-The Hindu KC Chakrabarty, who was deputy governor of Reserve Bank of India (RBI) between June 2009 and March 2014, said that there was no economic rationale behind the ongoing demonetisation drive and that such a proposal had been floated in the past too. Excerpts from a conversation: * What is your view on the ongoing demonetisation exercise? It has no economic rationale. It does not serve any purpose. * Why do you say...
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Will Modi's big currency-scrapping gamble yield results? -Roshan Kishore
-Livemint.com Demonetization could cause temporary pain to those who have unaccounted incomes One of the biggest issues which helped Prime Minister Narendra Modi capture power in 2014 was the promise to crack down on corruption and black money. Midway in his Tenure, he has announced scrapping of currency notes of Rs.500 and Rs.1,000 to curb black money and other illegal activities such as counterfeiting of notes and money laundering. Given the fact...
More »Farm Policy: The window for agricultural reform is closing fast -Pravesh Sharma
-The Indian Express It’s not as if the Centre cannot initiate reforms in agriculture. In fact, in at least three major areas, the onus for leadership and action lies with the Centre. For over a year, there have been news reports of Niti Aayog, the erstwhile Planning Commission’s new avatar, working on a wide-ranging reform package for India’s farm sector. In recent months, teasers have appeared hinting at the Centre’s plans of...
More »Government warned of national stir if GM mustard approved -Mayank Aggarwal
-Livemint.com Nearly 150 organizations protested in Delhi, warning against govt’s approval of commercialization of the genetically modified mustard New Delhi: Nearly 150 organizations from across India protested on Tuesday at Jantar Mantar in Delhi, warning the central government of a stir against it if it approves commercialization of genetically modified (GM) mustard. GM mustard has been developed by Delhi University’s Centre for Genetic Manipulation of Crop Plants. On 5 September, the genetic engineering...
More »Work and welfare: MGNREGA 2.0 -Harish Damodaran
-The Indian Express The flagship rural jobs programme has shown improved performance after initial neglect by the Modi government. New Delhi: The Narendra Modi government may spend close to Rs 60,000 crore on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the current fiscal, a record for the programme that was a baby of the previous United Progressive Alliance regime. The Union Budget had allocated Rs 38,500 crore towards MGNREGA for...
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