-The Times of India RUDRAPUR: Many of the over 700 factories in the industrial belt of Udham Singh Nagar have either slowed down production or opted for a short-term lock down due to problems in transport of goods and a dip in demand. Demonetisation of currency notes of Rs 500 and Rs 1,000 has hit not just small industrial units but also giants like Parle and Britannia, many of which have...
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Jean Dreze, economist and a leading advocate of welfare policies, interviewed by Vasudha Venugopal (The Economic Times)
-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...
More »Banning notes will not curb black money, says think tank that called for demonetisation -Shailesh Menon
-The Economic Times Until a couple of weeks ago, few had heard about Anil Bokil or the socioeconomic thinktank he founded, the Arthakranti Pratishthan. On the street, he would not even have invited a fleeting glance. This changed after the evening of November 8, when Prime Minister Modi announced his PLAns to “demonetise” Rs 500 and Rs 1,000 notes. Arthakranti Pratishthan has been credited with sowing the seeds of “demonetisation” in the...
More »Demonetisation - Strictly, The PM Didn't Go By The Law in India -Indira Jaising
-CounterCurrents.org While much has been written and said about the demonetisation move by the government, the question of its legality has received scant attention. The issue however is not the desirability or the economic viability of the decision and the undoubted public and national interest it serves. The goal of eliminating black money from circulation is undoubtedly in public interest. While I unambiguously support the policy of removing black—untaxed—money from the...
More »Getting real on climate
-The Hindu The UN conference on climate change held in Marrakech, with an emphasis on raising the commitment of all countries to reduce greenhouse gas (GHG) emissions, is particularly significant as it provided an opportunity to communicate concerns about the future climate policy of the U.S. It would be untenable for the U.S., with a quarter of all cumulative fossil fuel emissions, to renege on its promise to assist vulnerable and...
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