For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000 rupee banknotes came as a big shock.
Mocking economists, Prime Minister Narendra Modi today said "hard work is more powerful than Harvard" as the latest GDP data shows demonetisation did not affect growth rate, rather the figures improved.
The Nobel laureate observed that elements of liberty and fraternity were facing a "difficult time" in India and people are "afraid" of speaking against the government for the fear of being dubbed "anti-national".
Supply of private hospitals far exceeds government and primary healthcare, he says. There is a need for social reforms, public commitment for resources, and also for healthcare delivery, he adds.
Nobel laureate Amartya Sen has called for political engagement in India to ensure issues of education and healthcare are fully addressed to fight against social inequalities.
Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan. RBI union too expressed concerns over dilution of central bank's autonomy over the way demonetisation issue has been handled by the Finance Ministry.
Nobel laureate Amartya Sen today said he felt the demonetisation decision was taken hurriedly without thinking about its consequence.
"It (demonetisation) undermines notes, it undermines bank accounts, it undermines the entire economy of trust. That is the sense in which it is despotic," Sen told NDTV.
"Mobs existed before internet but now mob rule can express much more quickly because of social media. To me that is a danger. Crowds though have their own momentum," Nobel laureate V Ramakrishnan, who received a Nobel for Chemistry in 2009 said at an event here.
In a letter to the NU board, which is dominated by many international names, Sen said â€œit is hard for me not to conclude that the government wants me the cease being the chancellor of NU after this July, and technically it has the power to do so.â€
Though I've disagreed publicly on many acts and pronouncements of AAP and its leaders, including Kejriwal, I continue in the party as I continue to admire the 'Man Kejriwal' though I continue to disagree with many of the actions or inactions of the party and also the manner in which some in the party have conducted themselves.
What India is currently facing is not the normal kind of inflation that comes and goes in response to transient supply and demand factors, but a more insidious kind injected by excessive populism unrelated to normal political spending alone.
Instead of nurturing the spirit of debate, we have become aggressive, bigoted and abusive
Food Bill will not be a big game changer for Congress, because most states where the maximum poor live already run similar schemes. Besides, most of these states are not even run by the Congress and the chances of the Congress winning in those states are not high
Amid raging debate over growth models suggested by economists Amartya Sen and Jagdish Bhagwati, Union Finance Minister P Chidambaram today endorsed both of them saying they were equally important and emphasized the need to combine passion for growth with compassion for the poor.
Hazare, who was here to participate in his 'Jantantra Yatra', said that in the past ten years of his being the chief minister of Gujarat, Modi created hurdles in setting up Lokayukta which only goes on to stress his views that appointment of anti-graft ombudsman was not required to bring an end to corruption.
Sharad Yadav held Gujarat Chief Minister responsible for diverting public attention from burning issues of corruption, unemployment and farmers' plight and said both big parties, ruling Congress and opposition BJP, were indulging in a slugfest over non-issues.
Speaking exclusively to CNN-IBN Deputy Editor Sagarika Ghose, Sen said, "As an Indian citizen I don't want Modi as my PM, he has not done enough to make minorities feel safe."
Once lauded for his work on famine and hunger, Sen today is a practitioner of charlatan economics that has very little to do with helping the poor.
For quite a while now, the Gujarat-versus-Kerala model has been seen as short-hand for the growth-versus-distribution argument: whether the state should try and promote growth first to increase incomes and hence reduce poverty, or try and distribute resources more equally first and then enable faster growth.
It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to mindless spending and corruption wrapped up in the package of anti-poverty schemes.
Nobel laureate Amartya Sen today sought to blame the opposition for disruption in Parliament, saying they were "bursting debates" and "killing arguments" in the House as he backed the Food Security Bill in its present form.
Issues like fundamentalists' protest against author Salman Rushdie's visit made real concerns of underdevelopment and poverty faced by Muslims in Bengal take a back seat, economist Amartya Sen said.
India's growth rate could revert to the pre-global crisis level of 8-9 percent in two to three years by intensifying the recent economic reforms initiatives, internationally acclaimed economist Jagdish Bhagwati said.
Nobel laureate and Bharat Ratna, professor Amartya Sen is a votary of the Food Security Act. However, when asked whether he is proposing fiscal deficit to find the money for food security, the answer was "no".