-The Tribune Punjab Govt looks other way, says no record of landless agri workers’ debt Chandigarh: While the Punjab Government dithers on providing debt relief to landless labourers, a new report suggests the number of suicides committed by landless agricultural labourers due to debt is much higher than those by farmers in the state. The “census report” commissioned by the Punjab Government on rural suicides takes into account incidences between 2010 and 2016...
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Crop prices and farmers' unrest -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business line Distressed farmers are demanding loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...
More »Look at the facts of demonetisation, not politics -Kaushik Basu
-The Indian Express Six months later, it is clear that it achieved next to nothing, and inflicted a large cost on the poor and the informal sector. It was six months ago, on November 8, that India hit the headlines the world over, with its sudden demonetisation. It was announced in the evening that, at the stroke of the midnight hour, all bank notes of Rs 500 and Rs 1,000 would cease...
More »Demonetisation sucked in cash like vacuum cleaner: IMF
-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...
More »PMO Has No Information on Officials Consulted Before Demonetisation
-PTI New Delhi: There is no information available about officials whose views were taken before the decision to demonetise high-value currency notes was announced by Prime Minister Narendra Modi on November 8, the Prime Minister’s Office (PMO) has said. The PMO also refused to answer a query on whether the chief economic advisor (CEA) and the finance minister were consulted before the sudden announcement was made, saying the query does not come...
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