-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
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Between a drought and a hard place -Jiby Kattakayam
-DNA The Dalits of Bundelkhand, its most oppressed section of society are leaving the region in droves due to a lack of employment opportunities. Meanwhile, their children are being deprived of education, too, either because of a loss of regular income or because of caste discrimination On October 24, Prime Minister Narendra Modi addressed a Parivartan rally in Mahoba in Uttar Pradesh where he highlighted the presence of large numbers of...
More »Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva
-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...
More »Small farmers, farm workers bear the brunt as cash becomes scarce
-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...
More »Cash Crunch In Marathwada Village: In year of good yield, currency ban hits crop prices -Parthasarathi Biswas
-The Indian Express The State Bank of India, Maharashtra Gramin Bank and Nanded District Cooperative Bank have branches in Malegaon. But only the SBI and Gramin Bank branches are dispensing cash. Malegaon (Nanded): The family of Pralhad Ingole, a farmer who owns about 6 acre of land, is struggling in the absence of cash. The lone ATM in their village of Malegaon in Nanded district, operated by the State Bank of...
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