-The Times of India MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in currency usage points to a recovery in 'informality' in the economy as the government goes easy on goods and services tax compliance and businesses continue using Cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of...
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The solution is universal -Rajendran Narayanan & Debmalya Nandy
-The Hindu Strengthening the MGNREGA would be more prudent than a targeted Cash transfer plan like PM-KISAN Rural distress has hit unprecedented levels. According to news reports, unemployment is the highest in 45 years. To allay some misgivings of the distress, one of the announcements in the Budget speech was that “vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of...
More »A long way from Kolkata, Delhi...lies West Bengal's Saradha chit fund country -Ravik Bhattacharya
-The Indian Express In the wake of life’s savings lost to scams, children have dropped out of school, marriages have been put off, people have left homes, and suicide, say some, is the only option. The Indian Express on the stories forgotten in the headlines. Most days, Raqib Sardar can be seen hanging around a tea shop at Sonarpur Railway Station in South 24 Parganas district, 30 km from Kolkata, looking...
More »How to make Direct Benefit Transfers work for the people -Karthik Muralidharan, Paul Niehaus and Sandip Sukhtankar
-IDRonline.org Replacing India's Public Distribution System with Direct Benefit Transfers will improve efficiency, but shouldn't be implemented at the cost of individual choice. The Public Distribution System (PDS) is India’s flagship food security programme but also suffers from well-known inefficiencies. Even official government estimates suggest that a large share of public spending on the PDS does not reach intended beneficiaries. Thus, the idea of Direct Benefits Transfer (DBT) in lieu of subsidised...
More »Maharashtra cane farmers wait for dues, offered sugar as currency -Partha Sarathi Biswas
-The Indian Express Mushrif said that his mill, like many others, had no other option. The Sugar Commissioner of Maharashtra, Shekhar Gaikwad, had issued orders on January 29 for the attachment of properties of 39 mills across the state for non-payment of FRP to farmers. Pune: With payment arrears to cane growers during the current crushing season that started last October at over Rs 4,800 crore already, Cash-strapped sugar mills in...
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