-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...

-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...

-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...

-The Hindu Business Line Scarcity of ?100 notes hits kharif harvesting; decline in demand worsens situation Hyderabad: Ram Singh (name changed), a 45-year-old farmer near Ranjim, a tehsil in Chhattisgarh, stood impatiently in the long queue, waiting for his turn to swap a bunch of old notes for new. “I don’t want the new notes. I’m desperately looking for ?100 notes that I need to pay to the labourers that I have...

-The Financial Express There is by now substantial agreement amongst analysts that a strategy for dal production which ensures supplies and a reasonable degree of self-reliance is sorely needed, and the country cannot go from one crisis to another without a well-worked-out policy. However, the discussion is flawed on its assessments of what governments can and cannot do and on the lack of a short and medium strategy to enhance production....