-The Hindu With the cash crunch situation easing, Reserve Bank of India may do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said. The RBI had recently raised the ATM withdrawal limit to Rs. 10,000 a day but maintained the weekly cap at Rs. 24,000 for savings account and Rs. 1 lakh for current account holders. “I think the restrictions on withdrawal...
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House panel criticises RBI governor for inability to answer demonetisation questions
-The Economic Times Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation. "Patel was unable to tell us how much money has come back to the banks," said Saugata Roy, TMC MP. "The governor was unable to tell us that how much old currency has come into the banks," added Saugata Roy. Sources also quoted...
More »Demonetisation, farmer suicides, and the Union budget -Roshan Kishore
-Livemint.com Crash in farm prices could accentuate bankruptcy, which was the biggest reason for farmer suicides in 2014 and 2015 After two successive years of drought, 2016 was turning out to be a relatively better year for farmers till 8 November. The decision to scrap high-value currency notes, announced on that day, seems to have hit the farm sector the hardest. While credible and timely data on farm incomes and output is hard...
More »Punjab farmers plagued by pests and payment crunch -Aesha Datta
-The Hindu Business Line Sangrur and Samrala: In normal times, the grain mandi of Samrala is abuzz with the hum of agrarian commerce. These days, however, it lies virtually vacant, with only a handful of farmers coming to sell their produce. Joginder Singh Sahni says that usually the mandi is full of wheat and rice farmers selling their goods. Commission agents and other links on the commercial chain add to the...
More »Notebandi takes the sauce out of Nashik's tomatoes -Aniket Aga & Chitrangada Choudhury
-RuralIndiaOnline.org Farmers in Maharashtra’s Nashik district – where one in every four tomatoes in India comes from – are destroying standing crops on a scale never seen before, following persistent rock-bottom prices since the November 8 demonetisation On Christmas morning, barely 24 hours after Prime Minister Narendra Modi laid the foundation of the Rs. 3,600 crore Shivaji statue in Mumbai, Yashwant and Hirabai Bendkule were slashing and uprooting the tomato vines on...
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