-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
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Safeguarding the interests of farmers -Nirmala Sitharaman
-The Hindu Providing food to the poor or targeted groups at subsidised prices is fully WTO-compatible Transformational changes are taking place in India currently, improving the way we live. These changes are impacting all our lives in small or significant ways. It is gratifying to know that the citizens at large are happy withthese changes. However, forsome who have fed themselves on the fodder that such changes are not for the near...
More »May I Overcharge You? -Arindam Mukherjee and Lola Nayar
-Outlook Banks are fleecing customers to shore up their profits and offset the dead weight of bad loans to corporates When the GST era dawned this month, online jokesters quipped that it was the most inscrutable thing after Duckworth Lewis. But paradoxically, it may have brought a disquieting clarity to another zone of universal experience. Amid the flurry of news reports detailing what would entail a higher tax of 18 per cent,...
More »PPF, NSC rates slashed again; here's how much return Small Savings schemes will give now -Sanjeev Sinha
-The Financial Express If you are a risk-averse investor and have been banking on Small Savings schemes for the purpose of saving and investment as well as building your retirement nest egg, then there is some bad news for you. For, the government has reduced the return on Small Savings schemes – including Public Provident Fund (PPF), NSC, Kisan Vikas Patra and Senior Citizen Savings Scheme — by 10 basis points....
More »Agrarian crisis: Serious drought looms large over South India -Bharani Vaitheesvaran
-The Economic Times ARIYALUR: Everyone else may love a good drought, but not the victims who stare at a dim future. As serious drought looms large over South India, farmers live in distress and despair fearing a steep drop in acre age and yields. There may have been a few temporary measures by governments to compensate the dam ages, but that may be too little too late. ET's team of reporters walked...
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