-The Economic Times Politicians in India firmly believe that the woes of farmers can be solved with freebies: free electricity, free water, farm loan waivers, fertilisers and seed subsidies, minimum support prices, etc. Little attention is paid to what really ails Indian agriculture: low productivity. From rice to wheat to coarse grains and pulses, from cash crops to food crops, Indian agriculture is punctured with very low productivity. Let's start with rice....
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Marketing indigenous drinks: Spirits of the world unite -Rahul Srivastava & Matias Echanove
-The Hindu Can sparkling Mahua replace Champagne and Proseco as the drinks of choice in the new year? One of the most valuable characteristics of economic life in Europe is the tremendous importance it gives to local resources, skills and spaces, whether through need or intent. Geographical labels for specific products, especially wines and spirits, significantly contribute to local economies. Every French or Italian region has at least a few products from the...
More »Demonetisation anniversary: Why less cash in itself may not necessarily mean less black money -Sunny Verma
-The Indian Express It can also mean other things such as currency shortage, transaction mode shift. The government has presented a lower cash-to-GDP ratio as a key achievement of demonetisation, and a measure of black money being checked. Economists, however, caution against reading this metric in isolation. Prime Minister Narendra Modi said last month that the cash-to-GDP ratio is down to 9% after demonetisation, from over 12% earlier. “Was it possible if a...
More »One year after demonetisation, cash is still king -Roshan Kishore
-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments...
More »One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew
-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or...
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