-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
More »SEARCH RESULT
Motive behind demonetisation is justifiable but there may be collateral damage
There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
More »Replacing anganwadis with food sachets will only set India?s nutrition schemes back -Dipa Sinha
-Scroll.in The government is likely to announce a new nutrition mission with a bigger role for private companies. The Government of India is expected to announce a National Nutrition Mission in December this year. Some glimpses of what this mission will include were revealed in a recent news item in the Economic Times. The focus seems to be on centralising production of take home rations given to young children and pregnant or...
More »The Political Economy of Demonetising High Value Notes -Jayati Ghosh
-The Hindu Centre for Politics and Public Policy The government’s high profile war on black money has generated mixed responses. However, both supporters and opponents of the 2016 demonetisation agree that the move has caused immense hardship to people, especially those outside the banking system and without alternative means to access goods and services in a largely cash economy. Jayati Ghosh, Professor of Economics, Jawaharlal Nehru University, discusses the conceptual, practical,...
More »The overrated urban spinoff -Raghav Gaiha
-The Indian Express Agriculture’s contribution to poverty reduction is five times more than that of metropolitan centres Speaking at the third BRICS Urbanisation Forum in Visakhapatnam on September 14, Deputy Chairman of the Niti Ayog, Arvind Panagariya, announced that “Without cities we can’t grow rapidly”. He added, “urbanisation plays an important role in poverty alleviation”. Both claims are exaggerated and somewhat misleading. A recent report prepared for the UN points out that, over...
More »