-The Economic Times NEW DELHI: The next time you queue up at the ATM for cash—an experience that has become increasingly onerous since demonetisation— it’s not just the long wait that should worry you. There’s a high probability the cash dispenser runs on software Microsoft stopped supporting more than two years back, thus making it vulnerable to hackers. Card details could be stolen—as they indeed were earlier this year--even as you...
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MGNREGA hires plummet by 23 per cent in notebandi November -Subodh Varma
-The Times of India NEW DELHI: The Modi government's demonetisation move seems to have taken the wind out of the sails of an already faltering job guarantee scheme. The number of households getting work in November dropped by 23% compared to the previous month and those being turned back empty-handed jumped to a staggering 23.4 lakh, almost twice the number in October. Compared to the same month last year, work given this...
More »R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)
-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...
More »One per cent suspicious accounts means I-T has to probe 40 lakh cases -Jay Mazoomdaar & P Vaidyanathan Iyer
-The Indian Express The demonetisation deadline ends on December 30, and a day later, the I-T officers are expected to complete their scrutiny assessment work. New Delhi: Even if just one per cent of the total 40 crore bank accounts are red-flagged as “suspicious” during analysis by the Income-Tax department after sifting through data made available to it by banks, the tax officers would be saddled with a staggering 40 lakh...
More »Why We Need to Open 'Amma Canteens' All Over India -Reetika Khera
-TheWire.in Jayalalithaa’s schemes – such as her canteens and baby care kits – may appear to be populist at first glance, but are actually quite entrenched in a welfare tradition. For development economists, Tamil Nadu offers many lessons in social democracy. The state has distinguished itself with visionary schemes – such as noon meals (known as the mid-day meal scheme nationally) and the Dr Muthulakshmi Reddy Maternity Benefits Scheme, which provides Rs...
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