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Demonetisation damage greater than its benefits, says Kaushik Basu -Arup Roychoudhury

-Business Standard On day-2 of the demonetization drive, serpentine queues have reported from banks and ATMs around the country World Bank Chief Economist and India’s former chief economic advisor Kaushik Basu said that the Narendra Modi government’s demonetization drive was not ‘good economics’ and that the damage it causes will be greater than its benefits. “GST was good economics; the demonetization is not. Its economics is complex & the collateral damage is likely...

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Rs 500 and Rs 1,000 ban: Narendra Modi govt has created 50-day hawala window for old notes -Narayanan Madhavan

-Firstpost.com Think of it as a 50-over one-day cricket match, with each day equivalent to an over. The  game has just begun. The government of India, popularly known as Modi sarkar, has just created a 50-day hawala window for those with black money – albeit in a loose sense. The term hawala is usually used for illegal trade in foreign exchange going back to the times before 1993 when India had tight...

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Deal-broker Fadnavis under fire

-PTI Actress Shabana Azmi today criticised Maharashtra chief minister Devendra Fadnavis for brokering yesterday's deal between Raj Thackeray and Karan Johar while the Congress demanded his dismissal for aiding "extortion" of the film industry. But emboldened by its success, the Maharashtra Navnirman Sena asked traders to "sacrifice" their business with Pakistan for the sake of the "nation", dismissing statements from cotton exporters who said the party's stand would affect the industry. Johar and...

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#UP: Elephant too Tweets, short and steady -Anuradha Raman

-The Hindu A committed team of Dalit activists and academicians are working to establish a presence on social media New Delhi: Long time social media refusenik, the Bahujan Samaj Party, is embracing Twitter and Facebook ahead of the 2017 UP Assembly elections but with a difference. By focussing on issues the party supremo Mayawati has been lampooned for, concerted efforts are being made by academics from Jawaharlal Nehru University (JNU) with help...

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A Lawless Law -Rajshree Chandra

-The Indian Express Preventive detention is being routinised as an instrument of state repression The recent preventive detention (PD) of Khurram Parvez, a Kashmiri human rights activist, and Jignesh Mewani, a Dalit leader from Gujarat, has turned the spotlight on the provision of PD and the purposes it is being made to serve. National Crime Records Bureau data released in September 2015 indicate that over 3,200 people were being held in administrative...

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