-The Indian Express The State Bank of India, Maharashtra Gramin Bank and Nanded District Cooperative Bank have branches in Malegaon. But only the SBI and Gramin Bank branches are dispensing cash. Malegaon (Nanded): The family of Pralhad Ingole, a farmer who owns about 6 acre of land, is struggling in the absence of cash. The lone ATM in their village of Malegaon in Nanded district, operated by the State Bank of...
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In the Long Term Indians Might Lose Faith in Cash and Turn Towards Gold -Ravinder Kaur
-TheWire.in The spectacle of ‘fixing’ India’s illegal economy is not only harming common citizens but also turning small investors away from financial markets. Depending on who is talking, the demonetisation of higher value currency notes by Prime Minister Narendra Modi’s government has either been described by commentators as a ‘bold move’, ‘landmark policy’, ‘game-changer’ and even a ‘political masterstroke’ or has been labelled the single most high-risk political gamble undertaken since the...
More »Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by Lola Nayar
-Outlook Economist Abhijit Sen on how Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Former chairman of the Commission for Agricultural Costs and Prices, economist Abhijit Sen, in an interview with Lola Nayar, explains that Prime Minister Narendra Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Sen expects a tax amnesty scheme...
More »The overrated urban spinoff -Raghav Gaiha
-The Indian Express Agriculture’s contribution to poverty reduction is five times more than that of metropolitan centres Speaking at the third BRICS Urbanisation Forum in Visakhapatnam on September 14, Deputy Chairman of the Niti Ayog, Arvind Panagariya, announced that “Without cities we can’t grow rapidly”. He added, “urbanisation plays an important role in poverty alleviation”. Both claims are exaggerated and somewhat misleading. A recent report prepared for the UN points out that, over...
More »Danger Zones of High Economic Growth -Amit Bhaduri
-Economic and Political Weekly The powerful feedback mechanism of raising growth and inequality simultaneously combines restraint on government welfare spending, wilful default of bank loans by corporate houses and land acquisition for them. This creates not just a vicious circle but a rising and expanding spiral driven by a strategy of promoting the climate for private investment. Please click here to read more. ...
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