-The Indian Express GDP estimates are advance figures, but by the time they are revised only staid economists will be interested in them Unless we simply dreamt it, demonetisation delivered a massive shock to the economy in early November, which continued well into December because of slow pace remonetisation. The ensuing liquidity crunch affected most informal economic activity and some formal business, and economists generally agreed that declines in demand and disruption...
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Freedom with defects -Ramachandra Guha
-The Telegraph After the third general elections held in 1962, the scholar-statesman, C. Rajagopalachari, wrote a fascinating, if now forgotten, essay on the imperfections of our young democracy. "The Indian electorate", remarked Rajaji, "suffers from well-known defects from which Western democracies are relatively free. The Indian voters are in great measure poor and vulnerable to bribery: even a day's expense for food serves to buy a large number of the poor...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-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...
More »Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Politicians Can't Use Religion, Caste to Seek Votes, Rules Supreme Court
-TheWire.in New Delhi: The Supreme Court on Monday ruled that Politicians cannot seek votes on the grounds of caste, creed or religion. The landmark judgment came while the court revisited a judgment from 1995 that equated Hindutva with Hinduism and called it a “way of life” and said a candidate was not necessarily violating the law if votes were sought on this plank. Several petitions filed over the years have challenged that verdict....
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