-The Economic Times NEW DELHI | PUNE: Post demonetisation, Manjit Singh, a farmer in Punjab, is grappling with a new financial reality — a queer mix of debit and credit in cashstarved villages where farmers are beginning to get some payments in cheques while their suppliers want currency notes. The vegetable and paddy farmer from Malerkotla is yet to receive Rs 35,000 from commission agents who took his produce. He has bought...
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Bengal's cash-less agrarian revolution: To pay support price for rice directly into bank a/c -Tamal Sengupta
-The Economic Times KOLKATA: The West Bengal government has decided to pay its rice farmers by directly transferring the amount to their bank accounts. The government, which is initiating such a move for the first time, hopes to start the process in all 330 blocks of the state from December 10. The state has earmarked Rs 8,000 crore to purchase 52 lakh metric tonnes of rice this year. “We will pay farmers...
More »RBI says no notes shortage, outside Delhi hundreds face job losses -Malini Nair
-IANS Around 8.30 every morning, hundreds of workers arrive at the main bus depot in Noida Phase II, about 30 km from New Delhi. They fan out into the lanes of the neighbouring hosiery complex. With nothing more than a tiffin box in their hands, they begin their daily job hunt. Almost every factory gate has a board proclaiming "Avashyakta hai (wanted)". It lists the daily requirement of jobbers-tailors, finishers, 'pressmen' (as...
More »Despite the 'war on drought', Andhra Pradesh fails to save crops
-PTI The “war on drought” announced by Andhra Pradesh chief minister N Chandrababu Naidu has failed to yield the desired results, with groundnut crop output plummeting despite crores of rupees spent on providing water for irrigation. Scanty rain during July-August prompted the state government to declare a ‘war’ on drought by deploying thousands of rain guns to wet standing groundnut crops in 15 lakh acres in Anantapuramu district, 4.5 lakh acres in...
More »Demonetisation effect: 2,500 lose jobs as Howrah jute mill shuts -Bibhas Bhattacharyya
-Hindustan Times A jute mill in West Bengal’s Howrah district has temporarily closed down citing its inability to pay workers in the absence of Rs 500 and Rs 1,000 notes that were scrapped by the Narendra Modi government. The notice by the management of Sree Hanuman Jute Mills that threw about 2,500 workers out of jobs was issued around 10pm on Monday, on a day chief minister Mamata Banerjee apprehended a loss...
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