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Usurers cash in as bank loans to farmers dry up -Bhavika Jain

-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...

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Now, pay service charge in restaurants at your discretion

-The Hindu Following several compaints, the govt. has asked hotels/restaurants to prominently display that the service charge in the bill is voluntary. You, as a consumer, have the discretion to not pay ‘service charges’ added to your bill by any hotel/restaurant, according to the government. In a statement issued on Monday, the consumer affairs department asked the State Governments to advise the hotels/restaurants to prominently display that “the service charges are discretionary /...

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RBI puts up a firewall on Demonetisation -Abhishek Shukla

-PTI While the Government and banks want transparency from citizens, they refuse to be transparent themselves as the RBI again refuses to respond to RTI applications seeking reasons for Demonetisation Why were Rs. 1,000 and Rs. 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to be legal tender, Reserve Bank of India feels that the reasons behind the sudden announcement cannot be made public. The...

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Poor swiped out in choice-less, not cash-less, society -Aruna Roy and Nikhil Dey

-The Indian Express For the poor, with little cash in the first place, digital promises to ‘swipe’ them out, before their marginalisation is even addressed. Demonetisation is, by its very nature, an autocratic, coercive step. The demonetisation of November 2016 has affected every single Indian. We are, as usual, persuaded to bear the pain and suffering, to “sacrifice” for the nation. The rhetoric continues but it now seems clear that the objective...

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Is government manipulating agriculture data? -Jitendra

-Down to Earth Government’s policy decisions and ground reports are in conflict with official data on sowing, production and agriculture insurance The Centre’s claim of 94 million metric tonnes (MT) (2015-16) of wheat production, good sowing acreage and success of agriculture insurance scheme is not in sync with reality as government’s own data do not match agriculture ministry’s claims.   The data related to increased acreage, bumper production and success of agriculture...

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