-Business Standard There is a widespread panic among farmers, who were preparing for the next Rabi season New Delhi: There is a widespread panic among farmers, who had recently harvested their paddy crop, and were preparing for the next Rabi season. They fear that in the absence of new currency notes they will miss out on the crucial sowing time. This is most crucial time for a farmer when he not only...
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Rs 500 and Rs 1,000 ban: Narendra Modi govt has created 50-day hawala window for old notes -Narayanan Madhavan
-Firstpost.com Think of it as a 50-over one-day cricket match, with each day equivalent to an over. The game has just begun. The government of India, popularly known as Modi sarkar, has just created a 50-day hawala window for those with black money – albeit in a loose sense. The term hawala is usually used for illegal trade in foreign exchange going back to the times before 1993 when India had tight...
More »Show me the money -Ila Patnaik
-The Indian Express Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. The sudden and dramatic announcement by the prime minister banning Rs 500 and Rs 1,000 notes issued by the Reserve Bank of India has a number of objectives. Among them are tackling counterfeit notes, curbing black money and restricting finance for subversive activities. While progress will be made by...
More »The arhar solution to pollution -Arvind Subramanian
-The Indian Express It will also promote indigenous research and science, incentivise pulses production, RATionalise pricing. The inferno of environmental pollution that the nation’s capital and its surroundings have been witnessing has many causes, including weather conditions (thermal inversion) that facilitate the settling of particulate matter and other pollution, dust on the streets geneRATed in part from construction activity, and vehicle-related emissions. Particularly critical is the burning of paddy after the kharif...
More »Demonetization: Witless and Anti-People -Prabhat Patnaik
-TheCitizen.in NEW DELHI: Narendra Modi went on national television at 8 p.m. on November 8 to announce that from midnight of that very date, i.e. in a mere four hours’ time, 500 and 1000 rupee notes would cease to be legal-tender. The justification advanced for this bizarre move was that it would strike at “black money”. An additional argument was thrown in, to the effect that fake currency notes used by “terrorists”...
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