|
| Buckling
under Pressure |
| Jan
18th 2017. Jayati Ghosh |
|
There
has been a depressing erosion in the credibility of
the major institutions that in different ways are vital
for the functioning of our democracy as they are bent
to the will of the ruling dispensation.
|
| |
| The
Demonetization Fiasco |
| Jan
16th 2017. Prabhat Patnaik |
|
Demonetization
has been a fiasco in achieving its stated objective,
apart from being a disaster for the people.
|
| |
| Barbara
Harriss-White on Demonetisation |
| Jan
16th 2017. Barbara Harriss-White |
|
The
notable political economist Barbara Harriss-White, in
her interview with Madras Courier has painted a comprehensive
picture of what demonetisation has done to India's democracy,
agriculture, the 'black economy' and society.
|
| |
| The
Pursuit of Unreason |
| Jan
9th 2017. Prabhat Patnaik |
|
Modi's
demonetization can be compared with Idi Amin's fiat
in 1972 as both are instances of extreme unreason. But
while Amin's was an untenable and extremely inhumane
solution to the problem it addressed, Modi's is a complete
non-solution to the problem it addresses which is also
inhumane, and hence constitutes an even greater act
of unreason.
|
| |
| The
Utter Failure of Demonetization: The RBI says so even
as it says not |
| Dec
29th 2016. Surajit Mazumdar |
|
From
the figure of the value of fresh banknotes issued by
banks by 19 December, it can be concluded that we are
still very far away from the full replacement of the
cash withdrawn from circulation and the severe cash
shortage is going to continue well beyond 30 December.
|
| |
| The
Dialectics of Authoritarianism |
| Dec
26th 2016. Prabhat Patnaik |
|
The
decision to demonetise overnight as much as 86 percent
of the currency of a country which is predominantly
currency-using, is necessarily irrational, undertaken
in the quest of a heroism that is a necessary feature
of an authoritarian regime.
|
| |
| Digital
Dreams |
| Dec
21st 2016. Jayati Ghosh |
|
The
government's mad rush towards a cashless economy ignores
the presence of the large unbanked population that will
not gain from incentives being offered for digital transactions.
|
| |
| The
Budget after Demonetisation |
| Dec
21st 2016. C.P. Chandrasekhar |
|
If
the government adheres to its deficit targets, this
could imply a substantial cut in capital expenditures
or social expenditures or both which would worsen the
contraction set off by demonetisation.
|
| |
| Committee
to Study the Impact of Demonetisation on the State Economy
of Kerala |
| Dec
20th 2016. C.P. Chandrasekhar, Pinaki Chakraborty, K.
M. Abraham and V. S. Senthil |
|
A
Committee appointed by the Kerala State Planning Board
to study the impact of demonetisation on the economy
of the State of Kerala presented its report where it
stated that after demonetisation, Kerala's fiscal situation
is grim and the day-to-day cash management has become
a challenge at the state level that can snowball into
a major crisis.
|
| |
| Banks
as Victims |
| Dec
17th 2016. C.P. Chandrasekhar |
|
The
damage to the reputation of banks and its employees,
which and who have been victims of the engineered cash
shortage, is likely to be aggravated by the adverse
effects the demonetisation may have for the already
damaged profit and loss accounts and balance sheets
of the banks.
|
| |
| Supreme
Court should Frame an Eleventh Question on Demonetisation |
| Dec
15th 2016. Prasenjit Bose and Zico Dasgupta |
|
Whether
the demonetisation scheme declared through the November
8 notification qualifies as a fiscal or economic policy
is a vital question that merits the attention of the
Supreme Court.
|
| |
| Money
and the Social Contract in India |
| Dec
13th 2016. Jayait Ghosh |
|
We
are now in relatively uncharted economic territory in
India. But this also means that we may be entering an
entirely new phase of our social contract as well.
|
| |
| Demonetisation
and Banks' Lending Rates |
| Dec
13th 2016 .Prabhat Patnaik |
|
The
linking of demonetisation with a fall in banks’ lending
rates is illogical and just a false propaganda of the
ruling party to mislead people.
|
| |
| Demonetization
and India Inc |
| Dec
9th 2016. C.P. Chandrasekhar |
|
Demonetisation
exercise has adversely affected the functioning of medium
and small enterprises, which carries out a substantial
part of transactions, to buy inputs, pay workers, and
distribute goods, in cash.
|
| |
| Demonetization
as the Basis for a Fiscal Stimulus |
| Dec
7th 2016. Prabhat Patnaik |
|
What
the BJP spokespersons are putting forward that the cash
which gets disabled in the black economy would enable
the government to spend more on infrastructure or provide
cash transfers to the people is sheer deception.
|
| |
| Demonetization
as a Means of Fighting "Black Money" |
| Dec
6th 2016. Prabhat Patnaik |
|
It
is very obvious by now that demonetization, far from
being an attack on the black economy, has in effect
turned out to be an attack on the vulnerable informal
segment of the white economy.
|
| |
| Demonetisation:
All pain for the majority |
| Nov
23rd 2016. C.P. Chandrasekhar |
|
The
way the political establishment, sundry pundits, the
media and a large section of the untutored or sycophantic
elite of the country underestimated the extent of pain
that the demonetisation measure would inflict on India's
poor and lower middle classes, points to their disconnect
from a reality which bears little resemblance to the
vision of a dynamic market economy they presume they
inhabit.
|
| |
| Demonetisation
and its Discontents |
| Nov
23rd 2016. Arjun Jayadev |
|
The
demonetisation decree is pure fantasy-on all fronts
and absolves everyone of the need to think about the
myriad ways in which the collective project of Indian
society has been corroded. It has a malign edge that
has not been adequately acknowledged yet.
|
| |
| Demonetisation
was Primarily a Political Act |
| Nov
22nd 2016. Jayati Ghosh |
|
It
is becoming evident by the day that the primary purpose
of the surprise announcement by the Prime Minister was
political rather than economic, and that this political
purpose was specifically directed towards ensuring the
fortunes of the ruling party vis-à-vis its rivals.
|
| |
| Demonetisation:
Illusory Gains, Enduring Damages |
| Nov
18th 2016. Arindam Banerjee |
|
The
depressive economic cycle that has been immediately
generated by the demonetisation measure will not be
mitigated within a few months as the government mistakenly
assumes. It will have longer and deeper consequences
for inequality and under-development in the Indian economy.
|
| |
| Interview
with TM Thomas Isaac on Demonetisation |
| Nov
18th 2016. Thomas Isaac |
|
In
an interview to Scroll.in,
economics professor turned Finance Minister of Kerala,
TM Thomas Isaac said that the secrecy surrounding the
demonetisation was a blow to cooperative federalism,
where the state and centre work collectively, and the
move would not have a serious impact on tax evaders.
|
| |
| The
Chimera of a 'Cashless' Economy |
| Nov
18th 2016. Prabhat Patnaik |
|
In
its attempt of moving towards a cashless economy, when
the government is forcing people to do so through the
demonetisation exercise it is an act of sheer authoritarianism
that is no less reprehensible than an attack on people's
civil liberties. |
| |
| Why
the Corrupt Rich will Welcome Modi's 'Surgical Strike
on Corruption' |
| Nov
17th 2016. Jayati Ghosh |
|
Following
the sudden withdrawal of the 500 and 1000 rupee notes,
it is the poor and the middle classes, hugely reliant
on currency for daily activities, who are being battered
while the rich are relatively unscathed. |
| |
| Artificially
Created Distress |
| Nov
17th 2016. Utsa Patnaik |
|
With
the severe loss of purchasing power following the sudden
decision of demonetisation, the country is being driven
into an artificially created recession and the level
of economic activity is declining. |
| |
| Modi's
Demonetisation Move may have Permanently Damaged India's
Informal Sector |
| Nov
17th 2016. Pronab Sen |
|
The
author explains how the recent demonetisation has penalised
virtually the entire informal sector, and perhaps damaged
it permanently while doing nothing to curb either corruption
or tax evasion. |
| |
| C.P.
Chandrasekhar on India's Currency Chaos |
| Nov
16th 2016 |
|
C.P.
Chandrasekhar, Professor, Centre for Economic Studies
and Planning, JNU talks to World Business Report from
the BBC World Service about how the shock announcement
by the Modi government is creating unnecessary problems
for the ordinary people across the country. |
| |
| Abhijit
Sen Speaks on the Impact of Demonetisation |
| Nov
16th 2016 |
|
Abhijit
Sen, retired Professor, Centre for Economic Studies
and Planning, JNU speaks on the impact of the move by
the Modi government on the economy. |
| |
| Prabhat
Patnaik speaks on Demonetisation |
| Nov
16th 2016 |
|
Prabhat
Patnaik, Professor Emeritus at the Centre for Economic
Studies and Planning, JNU, speaks on the withdrawal
of the 500 and 1000 rupee notes by the Modi government
and associated measures, and the impact of the measures
on the economy and people. |
| |
| The
Political Economy of Demonetising High Value Notes |
| Nov
15th 2016, Jayati Ghosh |
|
The
November 8 announcement by the Prime Minister is an
ill-conceived and even more poorly executed move that
appears to be an attempt by the government to display
a lot of sound and fury, but signifying very little. |
| |
| Demonetization
of Currency Notes |
| Nov
10th 2016, Prabhat Patnaik |
|
The
argument, that the demonetization of 500 and 1000 rupee
notes constitutes an attack on "black money",
is based on an utter lack of understanding of the nature
of "black money”, a conception of it that is staggering
in its simple-mindedness. |
|
|
|
| |
