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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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How Gujarat's Maldharis Are Asserting Their Rights Over the Banni Grasslands -Gaurav Madan

-TheWire.in To oppose the forest department’s plan to limit open grazing, the pastoral community is formally pursuing their collective land rights through the Forest Rights Act. The sun has not yet decided to rise. It’s pitch black out but a group of Maldharis has already assembled for the last session of this year’s milking competition. Their massive buffalos are majestically adorned with intricate garlands and colourful necklaces. The panch (group of five...

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Harried bankers want to shut shop till there's enough cash -Saloni Shukla

-The Economic Times MUMBAI: Bank employees want branches to be closed until the Reserve Bank of India (RBI) supplies sufficient quantities of currency notes as irate customers increasingly harass staffers and indulge in arson and physical assault amid a cash shortage following demonetisation of high denomination notes last month. "RBI should take a view to stop banking operations for 15 days till adequate money is available. Let RBI close the banks till...

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Demonetisation hits MSMEs hard, output plunges to 50% of capacity; labour unrest fears haunt sector -Abheri Raychaudhuri

-The Financial Express Ahmedabad: With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of R500 and R1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. “There are two lakh registered MSME units in Gujarat, several of which form ancillary units for the textile industry such as for...

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Bengal's potato growers hit by demonetisation -Suvojit Bagchi

-The Hindu With grocers and cold storage owners refusing to accept scrapped currency notes, farmers are struggling to get potato seeds while landless labourers are forced to forgo their food. Chitra Bag and her family of six are eating less these days. They make do with one meal instead of the usual three meals, despite a gruelling 8-10 hours of work daily as landless farm labourers. Even though vegetables, grown around their...

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