There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...

-The Indian Express Swiss voted against the idea of a Universal Basic Income. But the debate continues We in India tend to associate Switzerland with fresh-faced girls in dirndls on a beautiful hillside, or with a cabal of silent bankers, but it is in fact a much more interesting country than those clichés might imply. For one, they decide on policy by referendums — if a hundred thousand Swiss sign up to...

-Hindustan Times While searching for updates on the United Nations Third International Conference on Financing for Development, which took place in Addis Ababa recently, I came across an interesting piece of news: Music maestro AR Rahman and Bollywood superstar Hrithik Roshan would join a seven-day global campaign to popularise the sustainable development goals (SDGs), which are a new set of universal goals, targets and indicators that 193 UN member states will...

-The Telegraph Standard model: The state provides a poor woman employment for 58 days a year, under the 100-day job guarantee scheme, at (Bengal's) daily wage rate of Rs 169. Cost: about Rs 20,000 over two years. Alternative: The state provides her an asset - maybe a small grocery - teaches her to run it and monitors her progress while giving a daily stipend for her consumption needs and ensuring basic healthcare...

-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...