Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
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Mandsaur agitation: How demonetisation brought MP farmers onto streets -Aman Sethi and Punya Priya Mitra
-Hindustan Times In Mandsaur, demonetisation has disrupted every aspect of the rural economy – land markets, credit networks, procurement, and crop prices. Mandsaur (Madhya Pradesh): Traders rued their burnt shops, farmers mourned the death of their sons to police bullets; but as four days of violence drew to a close, both sides could only speak of one thing: demonetisation. “Notebandi destroyed the trust between farmer and trader,” said Sunil Ghatiya, a soybean trader...
More »Farmer's protest: Fault lines in the fields -Mahesh Langa & Jayant Sriram
-The Hindu From a persisting cash crunch due to demonetisation to a price free fall because of a bumper produce, it’s a big bag of woes for farmers in Madhya Pradesh and Maharashtra. Mahesh Langa and Jayant Sriram report on the gathering storm as their protests for a fairer deal threaten to escalate Abhishek Patidar, 19, had just passed his Class 11 exam this year with dreams of becoming a doctor. His...
More »Getting back on the growth track -C Rangarajan
-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years. The differences are in...
More »GDP flop-show: Manmohan Singh has the last laugh in war of words with Narendra Modi over note ban -Dinesh Unnikrishnan
-Firstpost.com If one purely compare the January-March quarter GDP growth of fiscal year 2017 and fiscal year 2016, former Prime Minister Manmohan Singh’s prediction that demonetisation will shave off 2 percentage points of India’s GDP has come true. In the January-March quarter of FY16, GDP grew by 9 percent, which has come down to 6.1 percent in the corresponding quarter this year— a near 3 percentage point difference. Even the full...
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