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Acres of contention -Ram Singh

-The Hindu The judiciary doesn’t seem to fully appreciate the economic consequences of its judgments The number of legal disputes involving property, contract, labour, tax and corporate laws is bound to increase with an expanding economy. How they are adjudicated by courts not only has direct consequences for the disputants, but also shapes the behaviour of individuals and entities involved in production, comMerce and banking. Judicial findings also influence decision-making of government...

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Demonetisation failed to make India a 'less cash' society -Vivek Dehejia and Rupa Subramanya

-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. NuMerous...

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Boom in farm produce not reason enough to celebrate -Kiran Pandey

-Down to Earth FarMers are in distress owing to low farm prices, poor logistics for transport and government-assured purchases The concept of ‘the more, the Merrier’ doesn’t apply to farm produce and farMers’ state as much as the government thinks. Increasing production can’t be directly translated into better financial situation of farMers. According to the agriculture ministry latest estimates, in 2017-18, the total horticulture production of the country was 307.2 million tonnes, which...

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These people-managed forests are setting new examples in conservation and economy -Debarati Choudhury

-GoIMonitor.com The villagers getting management rights under the Forest Rights Act can inspire others “First came the forest, followed by the people, and then the government. Does this chronology allow the newest entrant in the scheme to determine the relationship between the two older entities? In other words, does the new regime of community forest resource bequeath rights or is it Merely a recognition of unalienable rights already vested in the communities living...

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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

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