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Is "Formalisation" possible? -CP Chandrasekhar and Jayati Ghosh

-Networkideas.org In recent times, the clamour for formalising economic activity, or shrinking its unorganised component and expanding the organised, has been heard from diverse sources. There are those who want formalisation to occur because the unorganised sector is seen as being largely outside the direct and indirect tax net, depriving the government of much needed resources. Hence, for example, one feature seen as favouring the Goods and Services Tax regime is...

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David Barkin, Professor of Economics at the Metropolitan Autonomous University in Mexico City, interviewed by Kabir Agarwal (TheWire.in)

-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...

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Fresh farm crisis brews in Maharashtra as banks tighten purse strings -Abhiram Ghadyalpatil

-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...

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People spend 13 hours to access direct benefit transfers in Ranchi -Mayank Jain

-Business Standard As a matter of fact, the study found that people are so unsatisfied with the DBT system being piloted by the government that they want to return to the previous system of grains distribution People in Nagri Block in Jharkhand have to wait for around 13 hours on average to be able to withdraw cash received through the direct benefit transfer (DBT) scheme and buy rice from the public distribution...

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Jharkhand villagers ask why should they lose land for Adani project supplying power to Bangladesh -Aruna Chandrasekhar

-Scroll.in How does the project qualify as ‘public purpose’ and does it violate legal safeguards for Santhal areas? Part 2 of a Scroll.in investigation on the Godda plant. In the villages of Motiya and Gangta in Jharkhand’s Godda district, tractors and SUVs race down a recently widened dirt road. Even in the clouds of dust they kick off, it is hard to miss the fence stretching across kilometres of farmland, with cows...

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