-Down to Earth The concept is unreasonable and will be detrimental to the country’s agricultural system, feel experts On November 19, when Prime Minister Narendra Modi announced the decision to repeal the three farm laws, he also stated that the government would form a committee to discuss how the system of minimum support price (MSP) could be more effective. One of the key demands of the protesting farmers is that MSP is provided...
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Announcement of Repeal of Farm Laws Big Setback to Neoliberalism -Navpreet Kaur and C Saratchand
-Newsclick.in It is the first significant reverse suffered by the government, which is promoting neoliberalism at breakneck speed. The announcement of the repeal of the three farm laws almost a year after farmers launched a massive movement against the Narendra Modi government’s contentious decision in which 671 protesters lost their lives is a setback to the neoliberal move, which intended to further corporate encroachment in agriculture. The organisations leading the struggle have argued...
More »Colossal notes ban failure buried in silence -TM Thomas Isaac
-The New Indian Express Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and...
More »Pronab Sen, Programme Director for the IGC India Programme and first Chief Statistician of India, interviewed by Vikas Dhoot (The Hindu)
-The Hindu The ill-prepared move left India with all the damages and very few of the benefits On November 8, 2016, Prime Minister Narendra Modi announced that from midnight, ₹500 and ₹1,000 notes would no longer be considered legal tender in India. The government’s stated aim was to curb corruption and the pervasion of black money in the economy, as well as the proliferation of fake currency which was also being used...
More »Five years since demonetisation: What has changed? -Roshan Kishore
-Hindustan Times While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets. November 8, 2021 marks five years of demonetisation in India. On this day in 2016, in a televised address at 8 pm, Prime Minister Narendra Modi declared that currency notes of ₹500 and ₹1000 -- these two denominations were 86% of the currency in circulation at the time in...
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