-The Hindu Business Line Bengaluru: Farmers in Karnataka, like their counterparts in other states who have been impacted by the drop in prices and Cash shortage triggered by demonetisation, have another problem to contend with — crop loss on account of the failure of rains. It has been a kind of a triple whammy for farmers in the region. Besides being forced to reap a lower kharif output on account of a...
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Late-night deal: Fuel pumps say no, then yes to card payments
-The Times of India BENGALURU/ NEW DELHI: Through Sunday, the media was buzzing with reports that petrol pumps would refuse to accept card payments for fuel from Monday. Anxious consumers, already grappling with a Cash shortage, fretted that this would directly clash with the government's efforts to wean people off cash and encourage digital payments. Finally, there was some relief on Sunday night after banks agreed to defer their decision to charge...
More »Note recall most hurtful: Farmers
-The Telegraph New Delhi: A nationwide network of farmers today dubbed the demonetisation exercise "the most hurtful scheme since independence" and claimed that Prime Minister Narendra Modi's pledges for the agriculture sector announced on December 31 were "a rehash of what already exists". The network of farmers' associations and representatives from across the country said in a letter sent to the Prime Minister that the demonetisation move had shown a "dismaying disregard"...
More »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...
More »Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
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