-The Indian Express It can also mean other things such as currency shortage, transaction mode shift. The government has presented a lower cash-to-GDP ratio as a key achievement of demonetisation, and a measure of black money being checked. Economists, however, caution against reading this metric in isolation. Prime Minister Narendra Modi said last month that the cash-to-GDP ratio is down to 9% after demonetisation, from over 12% earlier. “Was it possible if a...
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Rs 47-crore LPG subsidy deposited in Airtel Bank Accounts 'opened without consent' -Sanjeev Choudhary
-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank Accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their Bank Accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...
More »Jean Dreze, development economist, interviewed by Ankita Virmani (Firstpost.com)
-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...
More »Jean Dreze, development economist, interviewed by Santwana Bhattacharya (The New Indian Express)
-The New Indian Express NEW DELHI: Amid controversial reports of hunger deaths in Jharkhand due to PDS beneficiaries being turned away, economist Jean Dreze says that even official records show that a significant proportion of people are being deprived of food rations every month. In an interview with New Sunday Express, the prime mover behind the NREGA welfare scheme said “this does not mean that Aadhaar is solely responsible for the failures...
More »Don't create panic on Aadhaar linking: SC to banks, telcos -Amit Anand Choudhary
-The Times of India NEW DELHI: The Supreme Court eased on Friday the pressure mounted by banks and telecom companies on customers through frequent messages to link Aadhaar with Bank Accounts and mobile phone numbers and ordered that they intimate people about the deadline for doing so. A bench of Justices A K Sikri and Ashok Bhushan said even judges are not spared from such messages, which the petitioners termed as part...
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