-The Indian Express GDP estimates are advance figures, but by the time they are revised only staid economists will be interested in them Unless we simply dreamt it, demonetisation delivered a massive shock to the economy in early November, which continued well into December because of slow pace remonetisation. The ensuing liquidity crunch affected most informal economic activity and some formal business, and economists generally agreed that declines in demand and disruption...

-Scroll.in Public Distribution System dealers have strict instructions not to distribute rations without Aadhaar-linked authentication. Kairi Tidu, aged 10 years or so, was wearing her school uniform at a recent public hearing on the Public Distribution System in Khunti, Jharkhand, because she had nothing better to wear for the occasion. She explained how her family had been deprived of Public Distribution System rice during the last few months. Her parents have migrated...

-Livemint.com MGNREGS has to cover significant ground to evolve as an effective demand driven asset creating public work programme Union finance minister Arun Jaitley’s claim that he was making the highest ever allocation to Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in this year’s budge made headlines. Here are five questions which can help understand why MGNREGS related discussion needs to go beyond talks of budgetary allocation. * Is 2017-18 record allocation for...

-The Hindu FM allocates Rs.48,000 crore for MGNREGA; says it will be brought under digital scrutiny The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), once described by Prime Minister Narendra Modi as a “living monument of the UPA’s failure,” got its highest ever allocation — Rs.48,000 crore — since its inception over a decade ago.   Finance Minister Arun Jaitley, however, indicated that the funds dispensed would come under increased digital scrutiny. “The...

-The Indian Express Post-demonetisation, a reversal of the slowdown would require enhanced public spending. It doesn’t appear to be forthcoming. Given the economic uncertainty around the world and the demonetisation-induced domestic downturn in the Indian economy, preparing this year’s Union budget was never going to be an easy task. But the Modi government seems determined to make its task harder. It has managed to generate expectations — that will almost inevitably remain...