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What demonetisation did to tax collections -Aarati Krishnan

-The Hindu It has sharply lifted tax buoyancy and ushered many new return filers into the income tax net The argument about whether demonetisation was good or bad for the economy refuses to die down even a year after the event. Former RBI Governor Raghuram Rajan took potshots at it in a recent speech. While one can endlessly debate, with very little data, on whether the ban on high-value currency notes dealt a...

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Freeing the farm -Ashok Gulati & Shweta Saini

-The Indian Express Raising agricultural exports requires the government to unburden policy of consumer bias. A balance should be struck between meeting the needs of food-insecure consumers and income-insecure farmers. The Agriculture Minister, Radha Mohan Singh, recently tweeted about the government’s resolve to increase the value of the country’s agricultural exports to $100 billion by 2022-23. The Dalwai Committee Report on doubling farmers’ incomes also talked of a similar target. It said,...

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IMD monsoon forecast showers Indian economy with cheer -Srishti Choudhary & Sayantan Bera

-Livemint.com Rainfall will be 97% of the 50-year average with a 54% probability that rains will be normal to above normal, IMD said in its FIRst stage, long-range monsoon forecast New Delhi: Rainfall is likely to be normal during the June-to-September southwest monsoon season, the government’s weather office said on Monday. “For the third consecutive year, India will have a normal monsoon. There is very less probability of experiencing a deficit monsoon. We...

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Economic Graffiti: Why morality matters to economics -Kaushik Basu

-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....

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Kerala seeks SC/ST review

-The Telegraph New Delhi: Kerala has become the FIRst state to petition the Supreme Court for a review of its judgment that has been accused of "diluting" the SC/ST Atrocities Act by ruling against automatic arrests and allowing anticipatory bail. The Centre has already sought a review and recall of the March 20 judgment, which has triggered widespread protests and prompted a nationwide shutdown by Dalits on April 2 during which at...

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