-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...
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Artificially created distress -Utsa Patnaik
-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
More »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...
More »Dare To Dream: Path-Breaking Initiatives For Rural India
-HuffingtonPost.in Going back to the grassroots. Gone are the days when businesses focused solely on the bottom lines; today more and more corporates are embracing the concept of the 3 Ps: People, Profit, and Planet. As more and more organisations step up to do their bit for the community and the environment, many opportunities are opening up to improve and impact both the urban and especially the rural landscapes. Here's a quick...
More »The embroiders of Kutch -Lyla Bavadam
-Frontline The Living and Learning Design Centre in a Kutch village is about dialogue between contemporary designers and traditional artisans and about keeping crafts relevant. Kutch: “WHY here? Why a design centre of such sophistication in a small village off a highway?” The answer flashes in one’s mind at the same time: “Because that’s the most logical and relevant place for it.” The answer is validated a while later in a...
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