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The Truth About Demonetisation -Prabhat Patnaik

-Newsclick.in After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. The total value...

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Where are the jobs? Being in denial over unemployment woes won't help Modi govt -Rajesh Mahapatra

-Hindustan Times To begin with, it is imperative that the government and the ruling coalition acknowledge the challenge, and not be dismissive about it. Ambiguous expressions such as “promoting self-employment” do not help. It is difficult to disagree when BJP president Amit Shah says it’s impossible to provide jobs to everyone in a country of 1.25 billion people. It is also equally ABSUrd to agree with him that reports of rising unemployment...

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No Country For Maharashtra's Dryland Farmers -Milind Murugkar

-TheWire.in Falling prices and a lack of adequate procurement centres have left tur producers grasping for a way out. The chief minister of Maharashtra is sending disturbing political signals to dryland farmers in his state. His recent statement, which was aimed at reassuring tur (arhar) producers in the state, says that in order to help farmers who are bearing the brunt of a fall in its prices below the minimum support price...

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The pursuit of unreason -Prabhat Patnaik

-The Telegraph A distinguished Ugandan social scientist of Indian origin,whom I happened to meet earlier this month at an academic conference, told me that Narendra Modi's demonetization reminded him of the fiat in 1972 of the Ugandan dictator, Idi Amin, that all Asians should quit Uganda within a period of three months. His analogy, of course, would be considered inapposite for an obvious reason: expelling people from their places of domicile,...

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Three reasons why a cashless society would be a disaster -Amit Varma

-The Times of India I am a great admirer of Mahatma Gandhi, but the man had some strange views. In Hind Swaraj, written shortly after he turned 40 in 1909, Gandhi tore into some of the symbols of the modern age. “Hospitals are institutions for propagating sin,” he wrote. “To study European medicine is to deepen our slavery.” He railed against the railways, saying “it is beyond dispute that they propagate...

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