-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
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Cash crunch rains misery on farmers after below-par monsoon -Nidheesh MK, Dharani Thangavelu and Sharan Poovanna
-Livemint.com The impact of cash crunch on farmers is likely to have a cascading effect on the broader economy in southern India Bengaluru/ Chennai: P.V. Rajappan, a rice farmer in Kerala’s drought-hit Palakkad district, had been planning to drill a borewell to irrigate his next crop. He thought he would be able to do it this year. Rajappan delivered his entire harvest—10,210kg of paddy—to the state-run Civil Supplies Corporation, popularly known as...
More »Demonetisation: How the cash crisis can be used to tame rural commercial capital -Pravesh Sharma
-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...
More »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 »Cutting the jargon: Here's a website that translates Indian laws into simple English -Aarefa Johari
-Scroll.in Built on the Wikipedia model and launched on November 3, Nyaaya also has guides for crime victims and accused. India has more than a thousand central laws, a larger number of state laws and a criminal justice system so complex, most of the population struggles to navigate it. A year ago, Delhi-based lawyer Srijoni Sen decided to make this system a little easier for the masses, one step at a time....
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