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May 10 • 13 tweets • 5 min read
#LimitsOfMonetarism

Limits of a high interest rate policy as initiated in India
-Sunanda Sen

macroscan.org/cur/may22/cur0…
RBI has followed the now globally discredited economic dogma that the only way to tackle high inflation is to hike interest rates and reduce money-supply ,
Corporate profits have contributed disproportionately to inflation. How should policymakers respond? epi.org/blog/corporate…
Inflation control needs another model -Pulapre Balakrishnan and M. Parameswaran, Read the rest of the article at thehindu.com/opinion/op-ed/…
Is food inflation affected by interest rate? Listen to Amit Mitra's argument, facebook.com/ndtv/posts/367…
Hottest March in 122 years may singe wheat -Harish Damodaran, indianexpress.com/article/cities…
Yaswant Sinha agrees that food inflation cannot be tackled by raising interest rate.
facebook.com/ndtv/posts/367…
Limits of a high interest rate policy as initiated in India -Sunanda Sen, macroscan.org/cur/may22/pdf/…
Limits of a high interest rate policy as initiated in India -Sunanda Sen

macroscan.org/cur/may22/pdf/…
#CommoditiesExchange #Speculation #FuturesMarket #Wheat
THE HUNGER PROFITEERS
lighthousereports.nl/investigation/…

'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win & Margot Gibbs,

thewire.in/economy/specul…

Listen to the economist (although Vijay Sardana took a dangerous stance during the anti-Farm Laws agitation) who says that raising the interest rate won't control inflation -- start watching from 15.00 minutes (of 33.17 minutes) onwards

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More from @RWA_Uncle

Shambhu Ghatak Profile picture
Sep 17, 2020
[1/n]. Between 2008 and 2015, 27 quarterly reports to assess the impact of #economicslowdown on #employment in India was brought out by the #LabourBureau, see URL: labourbureaunew.gov.in/UserContent/Re… @NREGA_Sangharsh @AiyarYamini @AninditaAdhik13 @waglenikhil @mandeeppunia1 @IM4ChangeIndia
[2/n]. The NDA govt. has carried out no such quarterly surveys (quick ones) 2 measure d impact of #lockdown + #COVID19 on #employment, given d fact that the present #economiccrisis is much more severe than the 2008 one. @mandeeppunia1 @AninditaAdhik13 @nikhilmkss @IM4ChangeIndia
[3/n]. Only reports by #CSOs, #NGOs and academicians based on #surveys are available, covering the #COVID19 #lockdown period and later, some of which are available at im4change.org/farm-crisis/un… @AajeevikaBureau @AninditaAdhik13 @mandeeppunia1 @Outlookindia
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Shambhu Ghatak Profile picture
Mar 23, 2020
[1/n]. State-wise status of #COVID19 outbreak as on 23rd March, 2020 (till 9.00 am). Source: @MoHFW_INDIA, mohfw.gov.in. @IM4ChangeIndia @WHO @thenewsminute @ThePrintIndia @sayantanbera @jsa_india
[2/n]. Most confirmed cases among Indian citizens reported in Delhi (28), Gujarat (18), Karnataka (26), Kerala (60), Maharashtra (64), Punjab (21), Rajasthan (25), Telangana (15), UT of Ladakh (13) and Uttar Pradesh (27). #Coronavirus @fayedsouza @sardesairajdeep @cnnbrk @AFP
[3/n]. In total 390 confirmed cases -- 349 among Indians and 41 among foreigners as on 23rd March, 2020 (till 9.00 am). Total deaths: 7, including two in Maharashtra.

#COVID19 #SARSCoV2 @nytimes @hrw @WeAreSama @NewYorker
Read 4 tweets
Shambhu Ghatak Profile picture
Dec 10, 2019
[1/n]. Wrong/ misleading headlines of various newspapers about improvement in India's #HumanDevelopmentIndex rank between 2017 & 2018 @EconomicTimes @thetribunechd @businessline @bsindia @IM4ChangeIndia @UNDP @UNDP_India
@EconomicTimes @thetribunechd @businessline @bsindia @IM4ChangeIndia @UNDP @UNDP_India [2/n]. Fact check: India's #HDI rank for 2017 was 129 out of 189 countries & UN recognized territories, that remained the same for 2018 HDI. See page # 302, HDReport 2019, URL is bit.ly/2PnNo5m @EconomicTimes @businessline @thetribunechd @bsindia @IM4ChangeIndia @UNDP
@EconomicTimes @thetribunechd @businessline @bsindia @IM4ChangeIndia @UNDP @UNDP_India [3/n]. In case of India, HDI value for 2018 was 0.647 & for 2017 it was 0.643. See page# 3, India-specific report on HDI for 2018, part of HDReport2019, URL is bit.ly/2P5o851 @EconomicTimes @bsindia @businessline @thetribunechd @IM4ChangeIndia @UNDP_India @UNDP @AltNews
Read 6 tweets

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