-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
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Budget 2017: High on rhetoric, low on delivery -Himanshu
-Livemint.com While there have been some positives, including the reforms on political funding, the real test of the budget was the ability to manage spending to revive the economy This was the fourth budget of the National Democratic Alliance (NDA) government. Coming at a time when the world around is full of uncertainties, more was expected from the budget than what has been delivered. The domestic uncertainty is certainly the outcome of demonetisation....
More »How land use affects climate change -Sujatha Byravan
-The Hindu The interaction between people and land is as old as human evolution. When early hunter-gatherers started to settle down in the Neolithic transition and practise agriculture, they began to change their relationship with land in a major way. Starting with the Holocene, approximately 11,500 years ago, many plants were domesticated for agriculture. These and the associated social and technological changes led to dense human settlements that then paved the...
More »Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)
-The Hindu The truth may ultimately prevail about demonetisation, but the government might be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the economy quite...
More »Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers -Arun Janardhanan
-The Indian Express The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. Chennai: IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India’s largest organisation of manufacturers. The study, conducted by the All...
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