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Distress without resistance: Patnaik

-The Telegraph New Delhi: A fisherman from Kerala today said the people's resignation in accepting the currency recall despite the distress was not a sign of support but a reflection of how difficult it was mobilise people strapped for cash. "This note-ban is an attack on people's movements," said T. Peter of the National Fishworkers' Forum at a public meeting on 'Does Demonetisation Tackle Black Money?' "People cannot even come out to protest...

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TN sees demonetisation shadow over food output

-The Hindu In its first reaction, State govt. says disbursement of crop loans severely hit Chennai: Reacting to the demonetisation-triggered crisis for the first time, the Tamil Nadu government on Wednesday said that disbursement of crop loans to farmers through primary agricultural co-operative credit societies has been affected and it would severely affect food production in the State. The government was “unable” to give new loans to farmers for samba cultivation which accounts...

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Motive behind demonetisation is justifiable but there may be collateral damage

There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...

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Demonetisation: Zero balance accounts suddenly awash with cash in Andhra, Telangana

-TheNewsMinute.com The normal deposits ranging from Rs 500 to Rs 5000 have recently increased to Rs 10000. Due to the recent demonetisation of higher value notes, people in Telangana and Andhra Pradesh are finding new ways to escape the system. Telangana has witnessed a sudden decrease in the number of  ‘Zero Balance Accounts’ of Pradhan Mantri Jan Dhan Yojna from 26 lakh to 23.6 lakh. Nearly 2.5 lakh accounts were suddenly awash...

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In hunt for big sharks, livelihood of the poor becomes small change

-The Hindu With little cash in hand, small traders and shopkeepers are unable to keep their businesses running Surendar’s move from Bihar to Perambalur in the heart of Tamil Nadu in search of a livelihood has turned sour over the past few days. A school dropout, Surendar, who made a living selling pani-poori from a cart in this town, has seen his business plummet since the November 8 demonetisation announcement. “Everyone brings...

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