-Deccan Herald System overhaul: Transparency measures with strong accountability mechanisms can usher in change The National Food Security Act (NFSA) passed in 2013 gives statutory backing to the Public Distribution System (PDS). Up to 75% of the rural population and 50% of the urban population is entitled to receive food grain under the Act. Beneficiaries are categorised into priority households, entitled to 5 kg of subsidised grains per person per month, and Antyodaya...
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Farmers short of cash, West Bengal stares at 1/3 paddy wastage -Aniruddha Ghosal
-The Indian Express The problem is particularly pronounced in Bardhaman district — known as the rice bowl of Bengal. Kolkata: West Bengal’s agriculture department has estimated that 35 per cent of the monsoon paddy might go waste if not harvested in time, an exercise that has been badly hit with farmers lacking the cash to pay for labour. The estimate is part of an agriculture department report, commissioned to assess the impact...
More »Jean Dreze, economist and a leading advocate of welfare policies, interviewed by Vasudha Venugopal (The Economic Times)
-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...
More »When cash vanishes: A double-whammy -Parthasarathi Biswas
-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...
More »In fact: When the money stops -Harish Damodaran
-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...
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