-TheWire.in Using tax collection numbers as signifiers of robust economic activity may be highly optimistic. One of the most interesting questions in Indian macroeconomics today is – how are we faring since late 2016? In this article, I seek to analyse data on tax revenues and obtain some clues about the performance of the Economy. In a press release published on January 9, the central government reported the following increases in tax collections...
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House panel criticises RBI governor for inability to answer demonetisation questions
-The Economic Times Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation. "Patel was unable to tell us how much money has come back to the banks," said Saugata Roy, TMC MP. "The governor was unable to tell us that how much old currency has come into the banks," added Saugata Roy. Sources also quoted...
More »World Bank to fund reclamation of saline lands in Maharashtra -Rahul Wadke
-The Hindu Business Line Mumbai: The World Bank will fund a Maharashtra government project for reclaiming saline lands, spread over 5 lakh hectares affecting 1,000 villages in the State. A significant percentage of the lands are in the farmer’s suicide-prone Vidarbha region. The project is a part of the larger umbrella project called Climate Resistant Agriculture, which will receive ?4,000 crore joint funding from the Bank and Maharashtra government. The World Bank will provide...
More »Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)
-The Hindu The truth may ultimately prevail about demonetisation, but the government might be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the Economy.quite...
More »PM Fasal Bima Yojana not reaching farmers who really need it -Rajalakshmi Nirmal
-The Hindu Business Line Non-loanee farmers availing insurance may be far fewer than data claim Last January, Prime Minister Narendra Modi introduced a new crop insurance scheme with the aim of bringing 50 per cent of the country’s farmers under insurance cover in three years. Data shows that in kharif 2016 — the first season after the scheme’s launch — crop insurance coverage had risen. However, despite the Centre’s claims, this growth is...
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