Reconsidering the 4% inflation target
Gurbachan Singh
Posted on: 16 Jan 2017
Tags:   inflation

The RBI targets an inflation rate of 4%. In this article, Gurbachan Singh takes an in-depth look at the prevailing macroeconomic policy regime. This exercise provides an insight, which forms the basis for an alternative policy regime under which it is makes sense to target a lower inflation rate.
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Aadhaar, demonetisation, and the poor
Silvia Masiero
Posted on: 09 Jan 2017

There is a view that an Aadhaar-centred apparatus of digital inclusion can shield the poor from the problematic effects of demonetisation. In this article, Silvia Masiero argues that constraints of technology ownership, access to informational networks, and infrastructural readiness prove the argument wrong. Other means are needed to reduce the severe humanitarian consequences of sudden cashlessness.
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School consolidation in Himachal Pradesh: Achieving quality and inclusion
Shrikant Wad
Posted on: 06 Jan 2017
Topics:   Education

While the emphasis on neighbourhood schooling in India’s education policy over the past 15 years has increased enrolment, it has also contributed to a proliferation of poor quality, small schools. To address this, the state government of Himachal Pradesh has announced its intent to consolidate existing schools. In this article, Shrikant Wad discusses the issue and recommends measures that would enable the consolidation policy to achieve quality along with inclusion.
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Assessing the impact of demonetisation through the gender lens
Mitali Nikore
Posted on: 04 Jan 2017

In this article, Mitali Nikore, Senior Consultant at PwC India, highlights how demonetisation is impacting women differentially, and offers policy suggestions on how the negative effects can be mitigated.
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On demonetisation
Parikshit Ghosh
Posted on: 23 Dec 2016

On the evening of 8 November, the Prime Minister announced on national television that Rs. 1,000 and 500 notes are no longer legal tender, and must be exchanged at the banks for newly issued currency. This major policy intervention has sparked a country-wide debate. Will it curb black money? Is it going to nudge us towards a cashless society? How much will be the collateral damage from the liquidity shock and is it a price worth paying?

Ideas for India is following the issue closely. A lot of commentary has already appeared on our pages and more will be forthcoming. This page collects together all the articles we have posted on demonetisation, in reverse chronological order.

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Unique Health Identification and Aadhaar: A case for mandatory linkage
Mudit Kapoor
Posted on: 23 Dec 2016
Topics:   Health

As part of the Digital India initiative, All India Institute of Medical Sciences (AIIMS) issues a Unique Health Identification (UHID) number to each patient, which documents their entire journey in the hospital. AIIMS has called for a mandatory linkage between UHID and Aadhaar. In this article, Mudit Kapoor, Associate Professor at ISI Delhi Centre, explains how this step can have significant positive implications for delivery and democratisation of healthcare.
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Demonetisation: A thunderbolt in search of a target
Ajit Karnik
Posted on: 23 Dec 2016

In this article, Ajit Karnik, Professor of Economics at Middlesex University, Dubai, examines the various rationales that have been trotted out to justify demonetisation and finds little evidence to back these up. In his view, this seems to have been done mainly because a dramatic gesture was required to keep the supporters of the current government enthused.
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Post-demonetisation: Can the old notes return?
Badri Sunderarajan
Posted on: 22 Dec 2016

Banks in India are reported to have received about 87.7% of the demonetised currency notes so far. In this article, Badri Sunderarajan argues that when once all the old notes have come in, it would make sense to reintroduce them into the system as legal tender.
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Book review: ´India’s long road´ by Vijay Joshi
Pulapre Balakrishnan
Posted on: 21 Dec 2016
Tags:  

In this article, Pulapre Balakrishnan, Professor of Economics at Ashoka University, reviews Vijay Joshi’s book, ‘India’s long road: The search for prosperity’.
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India’s demonetisation drive: Politics trumps economics
Siddhartha Mitra
Posted on: 20 Dec 2016

In this article, Siddhartha Mitra, Professor of Economics at Jadavpur University, argues that even though demonetisation fails the standard economic cost-benefit test with regard to its stated objectives, it may still make for sound political arithmetic.
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