-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
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Supreme Court questions Centre about demonetisation, asks who made policy
-Hindustan Times New Delhi: The Supreme Court on Friday asked the Centre whether its decision to bring in demonetisation was taken in absolute secrecy while hearing a bunch of petitions questioning the Narendra Modi government’s rationale behind the implementation of the policy. “When you made the policy on demonetisation, was it confidential?” the top court asked. Chief Justice TS Thakur also asked why the Centre’s order granting limit of Rs 24,000 per day...
More »The largest solar power plant in the world is now in our backyard -Nivedita Khandekar
-Hindustan Times When launching the International Solar Alliance (ISA) during the United Nations Climate Change summit in 2015 at Paris, Prime Minister Narendra Modi had said, “The sun is the source of all energy, the world must turn to solar, the power of our future.” Last week, a solar power plant in Kamuthi, Tamil Nadu became the world’s largest plant. With a capacity to produce 648 MW of electricity, the plant comprises...
More »Demonetisation and the economy: Signs of distress everywhere -Ankur Bhardwaj
-Business Standard Indian economy is showing signs of distress all around and economists are not off the mark in their assessment When Prime Minister Narendra Modi addressed the nation on November 8 and announced his government’s big move to tackle black money, currency counterfeiting and terror funding by banning old currency notes of Rs 500 & Rs 1,000, there were murmurs of protest. Since then, economists like Amartya Sen, Kaushik Basu and many...
More »Imposed only reasonable restrictions, govt. tells SC -Krishnadas Rajagopal
-The Hindu Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy Curb on money transactions, including withdrawals and wedding expenses, are “only reasonable restrictions” imposed on the rights of the public for a limited time, the government said in its latest affidavit. “Cancellation of legal tender of Rs. 500 and Rs. 1,000 notes is only a reasonable restriction and regulatory in nature. Merely because there is a restriction on...
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