Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil

Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil

Share this article Share this article
published Published on Nov 30, 2016   modified Modified on Nov 30, 2016
-Livemint.com

Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks

Mumbai:
Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.

Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.

While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.

Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.

“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.

Please click here to read more.

Livemint.com, 28 November, 2016, http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close