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Subverting the Central Bank -Prabhat Patnaik

-Newsclick.in The Modi government has been trying to cut the RBI down to size for quite some time. The Modi government’s penchant for subverting institutions has now extended to the Central Bank of the country. Not content with eliminating the Planning Commission; decimating the finest universities in India; crippling the premier public sector unit of the country, the ONGC, by interfering in its decision making; bringing the nationalised banks to grief by...

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Jean Dreze -- development economist -- interviewed by Jipson John and Jitheesh PM (Frontline.in)

-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...

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Where's the money coming from? -Arun Kumar (Book review)

-The Indian Express Exploring the role of the Black economy in political finance and how it subverts democracy. Book: Costs of Democracy: Political Finance in India Editors: Devesh Kapur & Milan Vaishnav Publisher: Oxford University Press Page: 311   Price: Rs 750 Money in politics is an issue of great concern for the Indian polity. Most believe it undermines democracy in India so that what formally looks like a great democracy turns out to be just...

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Demonetisation achieved objectives quite substantially: Government

-PTI New Delhi: The government said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially” even as the Reserve Bank of India reported most of the demonetised currency was back with the banks. The RBI annual report released on Wednesday said 99.3% of Rs 500 and Rs 1,000 junked notes came back to banks. “I think demonetisation has achieved its objective quite substantially,” economic affairs secretary Subhash Chandra...

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Demonetisation led to 1% drop in GDP, says parliamentary report; BJP bans it

-MirrorNowNews.com The Bharatiya Janata Party (BJP) MPs on Tuesday stalled a parliamentary report which slammed demonetisation. The report mentioned that demonetisation led to a drop of one per cent in the country's GDP. New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned...

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