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Demonetisation effect: Demand for cash rises 7%, says RBI -Advait Rao Palepu

-Business Standard Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially. Mumbai: People’s demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public (CwP), or people’s demand for cash or currency, is 7...

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The Invisible Majority -Vedeika Shekhar

-The Indian Express Women form 80 per cent of urban migrants, but public policy is blind to their concerns. A recent UN report says India is on the “brink of an urban revolution”, as its population in towns and cities are expected to reach 600 million by 2031. Fuelled by migration, megacities of India (Delhi, Mumbai and Kolkata) will be among the largest urban concentrations in the world. Interestingly, the 2011 Census...

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Balancing conflicting claims -C Rangarajan & DK Srivastava

-The Hindu The 15th Finance Commission has to take a call on the degree of equalisation that’s feasible In the context of the Terms of Reference (ToR) of the 15th Finance Commission (FFC), certain key aspects relate to (a) the mandate for using the 2011 population; (b) ‘whether revenue deficit grants’ be given at all; (c) the impact of the goods and services tax (GST) on the finances of the Centre and...

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Rural income: looking beyond agriculture -Sanjay Kaul

-Livemint.com China’s example shows the benefits of the rural workforce shifting from the farm to the non-farm sector The government announced its ambitious dream of doubling farmers’ income by 2022-23 in 2015-16. Incomes would have to grow annually by 10.4% to double in seven years. The data on growth rates of farm income given by NITI Aayog in its policy paper on doubling farmers’ income shows that the real income of farmers has...

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