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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha &amp; Vikas Vasudeva    </title>
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-The Hindu

Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.

Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a..."/>
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-The Hindu

Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.

Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a..." />
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    <h1 class="cat-box-title">Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha &amp; Vikas Vasudeva</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.<br /></em><br />Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December.<br /><br />The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds for the Rabi sowing season using old Rs 500 notes.<br /><br />Mr Jaitley also asked banks to provide Rs 5,000 crore to the currency chests of district central co-operative banks (DCCBs) to ensure that the farming community faces no cash shortages for the Rabi crop.<br /><br />Separately, the Reserve Bank of India eased the asset classification norms for loans of less than Rs 1 crore to allow small businesses, home loan borrowers and farmers 60 more days to pay instalments that fall due in November and December, to prevent them from being classified as non-performing assets owing to the ongoing cash crisis.<br /><br /><em>RBI notification<br /></em><br />The RBI also issued a notification to operationalise the Centre&rsquo;s announcement last Thursday that farmers will be allowed to withdraw up to Rs 25,000 per week from their loan or deposit accounts, including Kisan credit card limits.<br /><br />The central bank also allowed firms to withdraw upto Rs 50,000 a week from their cash credit accounts to continue their operations, in line with the limit set for current accounts and traders registered with agriculture produce marketing committees or APMCs.<br /><br />However, the RBI is yet to notify another relaxation announced for farmers last Thursday allowing withdrawal of Rs 25,000 per week against payments received in their bank accounts against sales of their Kharif season produce in APMC mandis.<br /><br />&ldquo;To further support farmers for the current Rabi crop, the government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500 from the centres, units or outlets belonging to the central or State Governments, public sector undertakings, national or State Seeds Corporations, central or State agricultural universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity,&rdquo; the Finance Ministry said in a statement.<br /><br /><em>Too little, too late, say farm experts<br /></em><br />While welcoming the Finance Ministry&rsquo;s moves to ease curbs on farm credit and allow use of old notes for purchase of seeds, Bharat Krishak Samaj chairman Ajay Vir Jakhar said it may not be sufficient as the private sector has a substantial share of the total seed sales in the country.<br /><br />Agriculture expert and a member of Uttar Pradesh Planning Commission Sudhir Panwar told The Hindu that this decision should have come earlier. &ldquo;It's a delayed decision by the Central government but still, it's better late than never,&rdquo; said Mr Panwar, stressing that farmers should have been exempted from the &ldquo;demonetisation&rdquo; decision.<br /><br />&ldquo;Over the last 13 days, farmers have lost crucial time,&rdquo; he said.<br /><br /></div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true" class="re" target="_blank">The Hindu, 21 November, 2016, http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true</a><div class="clear"></div>
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Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.

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    <h1 class="cat-box-title">Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha &amp; Vikas Vasudeva</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.<br /></em><br />Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December.<br /><br />The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds for the Rabi sowing season using old Rs 500 notes.<br /><br />Mr Jaitley also asked banks to provide Rs 5,000 crore to the currency chests of district central co-operative banks (DCCBs) to ensure that the farming community faces no cash shortages for the Rabi crop.<br /><br />Separately, the Reserve Bank of India eased the asset classification norms for loans of less than Rs 1 crore to allow small businesses, home loan borrowers and farmers 60 more days to pay instalments that fall due in November and December, to prevent them from being classified as non-performing assets owing to the ongoing cash crisis.<br /><br /><em>RBI notification<br /></em><br />The RBI also issued a notification to operationalise the Centre&rsquo;s announcement last Thursday that farmers will be allowed to withdraw up to Rs 25,000 per week from their loan or deposit accounts, including Kisan credit card limits.<br /><br />The central bank also allowed firms to withdraw upto Rs 50,000 a week from their cash credit accounts to continue their operations, in line with the limit set for current accounts and traders registered with agriculture produce marketing committees or APMCs.<br /><br />However, the RBI is yet to notify another relaxation announced for farmers last Thursday allowing withdrawal of Rs 25,000 per week against payments received in their bank accounts against sales of their Kharif season produce in APMC mandis.<br /><br />&ldquo;To further support farmers for the current Rabi crop, the government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500 from the centres, units or outlets belonging to the central or State Governments, public sector undertakings, national or State Seeds Corporations, central or State agricultural universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity,&rdquo; the Finance Ministry said in a statement.<br /><br /><em>Too little, too late, say farm experts<br /></em><br />While welcoming the Finance Ministry&rsquo;s moves to ease curbs on farm credit and allow use of old notes for purchase of seeds, Bharat Krishak Samaj chairman Ajay Vir Jakhar said it may not be sufficient as the private sector has a substantial share of the total seed sales in the country.<br /><br />Agriculture expert and a member of Uttar Pradesh Planning Commission Sudhir Panwar told The Hindu that this decision should have come earlier. &ldquo;It's a delayed decision by the Central government but still, it's better late than never,&rdquo; said Mr Panwar, stressing that farmers should have been exempted from the &ldquo;demonetisation&rdquo; decision.<br /><br />&ldquo;Over the last 13 days, farmers have lost crucial time,&rdquo; he said.<br /><br /></div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true" class="re" target="_blank">The Hindu, 21 November, 2016, http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true</a><div class="clear"></div>
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-The Hindu

Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.

Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a..." />
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    <h1 class="cat-box-title">Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha &amp; Vikas Vasudeva</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes.<br /></em><br />Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India&rsquo;s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December.<br /><br />The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds for the Rabi sowing season using old Rs 500 notes.<br /><br />Mr Jaitley also asked banks to provide Rs 5,000 crore to the currency chests of district central co-operative banks (DCCBs) to ensure that the farming community faces no cash shortages for the Rabi crop.<br /><br />Separately, the Reserve Bank of India eased the asset classification norms for loans of less than Rs 1 crore to allow small businesses, home loan borrowers and farmers 60 more days to pay instalments that fall due in November and December, to prevent them from being classified as non-performing assets owing to the ongoing cash crisis.<br /><br /><em>RBI notification<br /></em><br />The RBI also issued a notification to operationalise the Centre&rsquo;s announcement last Thursday that farmers will be allowed to withdraw up to Rs 25,000 per week from their loan or deposit accounts, including Kisan credit card limits.<br /><br />The central bank also allowed firms to withdraw upto Rs 50,000 a week from their cash credit accounts to continue their operations, in line with the limit set for current accounts and traders registered with agriculture produce marketing committees or APMCs.<br /><br />However, the RBI is yet to notify another relaxation announced for farmers last Thursday allowing withdrawal of Rs 25,000 per week against payments received in their bank accounts against sales of their Kharif season produce in APMC mandis.<br /><br />&ldquo;To further support farmers for the current Rabi crop, the government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500 from the centres, units or outlets belonging to the central or State Governments, public sector undertakings, national or State Seeds Corporations, central or State agricultural universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity,&rdquo; the Finance Ministry said in a statement.<br /><br /><em>Too little, too late, say farm experts<br /></em><br />While welcoming the Finance Ministry&rsquo;s moves to ease curbs on farm credit and allow use of old notes for purchase of seeds, Bharat Krishak Samaj chairman Ajay Vir Jakhar said it may not be sufficient as the private sector has a substantial share of the total seed sales in the country.<br /><br />Agriculture expert and a member of Uttar Pradesh Planning Commission Sudhir Panwar told The Hindu that this decision should have come earlier. &ldquo;It's a delayed decision by the Central government but still, it's better late than never,&rdquo; said Mr Panwar, stressing that farmers should have been exempted from the &ldquo;demonetisation&rdquo; decision.<br /><br />&ldquo;Over the last 13 days, farmers have lost crucial time,&rdquo; he said.<br /><br /></div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true" class="re" target="_blank">The Hindu, 21 November, 2016, http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva

Published on Nov 22, 2016   Modified on Nov 22, 2016

-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds for the Rabi sowing season using old Rs 500 notes. Mr Jaitley also asked banks to provide Rs 5,000 crore to the currency chests of district central co-operative banks (DCCBs) to ensure that the farming community faces no cash shortages for the Rabi crop. Separately, the Reserve Bank of India eased the asset classification norms for loans of less than Rs 1 crore to allow small businesses, home loan borrowers and farmers 60 more days to pay instalments that fall due in November and December, to prevent them from being classified as non-performing assets owing to the ongoing cash crisis. RBI notification The RBI also issued a notification to operationalise the Centre’s announcement last Thursday that farmers will be allowed to withdraw up to Rs 25,000 per week from their loan or deposit accounts, including Kisan credit card limits. The central bank also allowed firms to withdraw upto Rs 50,000 a week from their cash credit accounts to continue their operations, in line with the limit set for current accounts and traders registered with agriculture produce marketing committees or APMCs. However, the RBI is yet to notify another relaxation announced for farmers last Thursday allowing withdrawal of Rs 25,000 per week against payments received in their bank accounts against sales of their Kharif season produce in APMC mandis. “To further support farmers for the current Rabi crop, the government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500 from the centres, units or outlets belonging to the central or State Governments, public sector undertakings, national or State Seeds Corporations, central or State agricultural universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity,” the Finance Ministry said in a statement. Too little, too late, say farm experts While welcoming the Finance Ministry’s moves to ease curbs on farm credit and allow use of old notes for purchase of seeds, Bharat Krishak Samaj chairman Ajay Vir Jakhar said it may not be sufficient as the private sector has a substantial share of the total seed sales in the country. Agriculture expert and a member of Uttar Pradesh Planning Commission Sudhir Panwar told The Hindu that this decision should have come earlier. “It's a delayed decision by the Central government but still, it's better late than never,” said Mr Panwar, stressing that farmers should have been exempted from the “demonetisation” decision. “Over the last 13 days, farmers have lost crucial time,” he said.

The Hindu, 21 November, 2016, http://www.thehindu.com/news/national/Rs.-35000-cr.-to-ease-rural-cash-crunch/article16672297.ece?homepage=true

Tagged with: Currency demonetisation Demonetisation cash crunch

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