-The Indian Express Six months on, there appears little justification for demonetisation in theories of politics, governance. Demonetisation has been evaluated through multiple dimensions — political, economic, constitutional, legal — and the role of the institutions involved. However, what were the philosophical underpinnings for “the most sweeping change in Currency policy that has occurred anywhere in the world in decades”? One might think demonetisation was from the utilitarian school (given the rhetoric around...
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The De-digitisation of India -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org/ The Hindu Business Line Despite the government's efforts to digitise the Indian economy forcibly, non-cash forms of payment appear to have declined as more Currency has been made available to the public. This points to major flaws in the government's coercive approach and the underlying rationale for cashlessness. Please click here to read more. * This article was originally published in the Business Line on April 24, 2017. ...
More »Bets on India's normal monsoon seen at risk on El Nino outlook -Pratik Parija
-Livemint.com While initial monsoon forecast bodes well for the season that accounts for over 70% of annual rainfall, IMD also predicts of 50% chance of weak El Nino formation from Sept New Delhi: India’s annual monsoon forecast sends social media into overdrive and is splashed across newspapers. This year’s outlook has some analysts warning that weather watchers may be disappointed. India is set for a normal June to September monsoon, with rainfall...
More »Gold and note ban: How black money turned white, then yellow -Rajesh Bhayani
-Business Standard Gold imports in January-March 2017 were the most since the same quarter of 2013 January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013. Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone. But for the blip in December, gold imports have gone up significantly following the government’s announcement of demonetisation,...
More »Blundering along, dangerously -Usha Ramanathan
-Frontline.in The Aadhaar project’s headlong push towards “total” enrolment of Indian citizens threatens the privacy of individuals on an unprecedented scale, while its patchy biometric system acts as a tool of denial for the most vulnerable. Meanwhile, the UID chugs along, regardless, fuelled by the avarice of private interests who seek to cash in on citizen data. IN the last seven years, the right to privacy of Indian citizens has been...
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