-Hindustan Times With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce SECtor, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being almost 70% of the overall e-commerce business, the SECtor is likely to take a hit and lose...
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Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all SECtions of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Demonetisation blues: No work or cash, over 10,000 daily wagers leave Gurgaon -Abhishek Behl
-Hindustan Times Gurgaon: The demonetisation move by the Centre is turning out to be a nightmare for over 1 lakh construction workers in the city. Labour department sources said that 10,000-12,000 daily wage workers have already left Gurgaon. In the absence of work and cash, a majority of the seasonal workers are struggling to make ends meet. To get a clearer picture, the labour department has also ordered a survey. Gurgaon is a...
More »Will note ban dry up informal loans in rural India? -Sayantan Bera
-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and agriculture SECtors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and farmers resorted to distress sales of perishables like fruits and vegetables....
More »Before Demonetisation, the Mystery of Rs 3-Lakh Crore Deposits in 15 Days -Ishan Bakshi and Nitin Sethi
-TheWire.in The SECond fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crore of these right after. New Delhi: From September 16 to 30, a staggering Rs 3.03 lakh crore of time deposits – fixed and recurring – were made at banks. This has never happened in any fortnight since January 2001. September 16 is also the date from which the Reserve...
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