-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments...
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Demonetisation anniversary: Why less cash in itself may not necessarily mean less black money -Sunny Verma
-The Indian Express It can also mean other things such as currency shortage, transaction mode shift. The government has presented a lower cash-to-GDP RATio as a key achievement of demonetisation, and a measure of black money being checked. Economists, however, caution against reading this metric in isolation. Prime Minister Narendra Modi said last month that the cash-to-GDP RATio is down to 9% after demonetisation, from over 12% earlier. “Was it possible if a...
More »Jean Dreze, development economist, interviewed by Ankita Virmani (Firstpost.com)
-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...
More »Can't terrorise farmers with laws to stop stubble-burning. Understand their problem first -Ajay Vir Jakhar
-ThePrint.in The central government’s policy of not allowing Punjab to diversify is causing damage to the health of people in faraway Delhi. Crop stubble burning is a nuisance for both humans and the ecosystem as a whole. And the farmer needs a systematic support system to tide over the problem. The support can come in many ways: central government policy intervention being the most important. Through its current policy, the central government is...
More »After making old cows unviable to maintain, Madhya Pradesh wants to force farmers to pay for them -Rohan Venkataramakrishnan
-Scroll.in With reports of abandoned cows destroying crops, the state’s cow protection panel has proposed penalties on owners who set them free. The BhaRATiya Janata Party is scrambling to contain the fallout of its efforts to prevent the slaughter of cows, which have distorted rural economies in unforeseen ways. To deal with one unexpected consequence, a Madhya Pradesh government panel has now recommended penalties for farmers who abandon their cattle. This highlights...
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