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Law matters, not PM's word: A-G to SC on note ban deadline -Utkarsh Anand

-The Indian Express "There is no question of PM’s speech...if PM says March 31, 2017 but the law says December 30, 2016, the law will prevail over the PM. Let’s be clear about that first," the A-G submitted before a bench led by Chief Justice of India J S Khehar The Central government’s top law officer, Attorney General Mukul Rohatgi, told Supreme Court Tuesday that the “law will prevail over” Prime Minister...

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SY Quraishi, former Chief Election Commissioner, interviewed by Vrinda Gopinath (Scroll.in)

-Scroll.in In this environment of majoritarianism, we must seriously consider proportional representation, adds SY Quraishi. SY Quraishi, who was Chief Election Commissioner from July 2011 to June 2012, is known to be outspoken about several issues regarding electoral reform both when he was in the Election Commission and after he retired. He has asked for public funding of political parties, putting an expenditure cap on them, financial transparency among parties, and...

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Five reasons why economists doubt India's October-December GDP growth of 7% -Raj Kumar Ray

-Hindustan Times New Delhi: India’s economic growth of 7% during October-December has sparked a debate on how output grew so fast at a time when the country was facing its biggest-ever cash crunch after Prime Minister Narendra Modi announced on November 8 the demonetisation exercise, which weeded out 86% of the Currency notes in circulation. Economists and experts cite at least five reasons why the government data of a robust economic growth...

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Demonetisation sucked in cash like vacuum cleaner: IMF

-PTI “Repercussions from the Currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the Currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

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Why Modi govt is handing out a raw deal to small and marginal farmers -Sayantan Bera

-Livemint.com Repeated price shocks take the sheen off horticulture crops grown by small and marginal farmers New Delhi: In the past few years, horticulture crops emerged as a favourite for small growers across the country. 2016-17 marks the fifth straight year when production of fruits and vegetables is estimated to surpass that of foodgrains. This signals a fundamental shift in India’s farm economy towards a growing share of horticulture crops, which now...

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