-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on banks New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18. The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of...
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Demonetisation managers incapable, breaking my head over it: Ally Chandrababu Naidu -Sreenivas Janyala
-The Indian Express Naidu had earlier praised Prime Minister Narendra Modi for demonetising Rs 500 and Rs 1,000 notes, even taking credit for the decision. Hyderabad: ANDHRA PRADESH Chief Minister Chandrababu Naidu, who was among the first to welcome the Centre’s demonetisation decision, did a turnaround on Tuesday, saying it was “not what we wished for” and pointed out that there was no solution in sight even after “more than 40 days”. Naidu...
More »Time for a policy shift -Bishwanath Goldar & Arup Mitra
-The Hindu The unorganised manufacturing sector should be reoriented towards non-household units to provide efficiency gains. Ever since E.F. Schumacher, a BRItish economist, published in 1973 his book Small is Beautiful, implying that small units are better in terms of performance indicators and labour absorption, several studies have endorsed the same idea and argued in favour of promoting small units. Stretching the argument a little further, it may be emphasised that small...
More »Pushed to the BRInk -Kanchi Kohli
-Deccan Herald Seriously?” one of the participants in a training session exclaimed. “You mean to say the site inspection report was prepared after an aerial visit, and there was no on ground verification?” All I did was a combination of a half nod, half smile. I have told this story several times before and each time the recipient of the news gives me a variant of the same reaction. It is...
More »Things are getting worse: Vegetable vendors counting losses -Manas Mitul
-The Indian Express Say digital wallets have helped but can’t replace cash. - Shakuntala Vani (51) from Kandivli may not possibly have any black money. She sells vegetables for a living. Having managed somehow since the government demonetised currency notes of Rs 500 and Rs 1000 denominations on November 8, says Shakuntala, her family is now on the BRInk of starvation. – Chote Lal (55) from Thakur village never used digital wallets in...
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