-The Indian Express In wheat, the situation has been worsened by stocks with FCI — at 18.84 million tonnes (mt) as on November 1 — at a nine-year low. New Delhi: Wheat prices have spiralled, reflecting the precarious domestic stocks position and concerns over production of new crop because farmers are unable to arrange sufficient cash for cultivation operations, following the demonetisation of Rs 500 and Rs 1,000 currency notes. Wheat was sold...
More »SEARCH RESULT
Demonetisation has left India's food markets frozen - and the future looks tense -M Rajshekhar & Abhishek Dey
-Scroll.in The liquidity crisis has affected both the trade in food and the planting of the winter crop. As demonetisation enters its second week, traders in Patna’s Maroofganj mandi are seeing something unprecedented. In the last seven days, the supply of new stocks in this wholesale market, which supplies cooking oil, spices, rice, wheat and pulses to shopkeepers across Patna, has plummeted. The supply of cooking oil, for instance, is down by 80%. Talk...
More »Artificially created distress -Utsa Patnaik
-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
More »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...
More »Why Delhi smog is a call to address India?s farm crisis -Roshan Kishore
-Livemint.com India’s farm crisis requires a well-crafted strategy, not knee-jerk reactions or quick-fix solutions As Delhi chokes on smog, the spotlight has once again been put on the farmers of the neighbouring states of Punjab and Haryana and their practice of burning farm stubble during the post-harvest season. Faced with the prospect of employing scarce and costly labour to dispose the stubble, or purchasing an expensive machine to do the same job, or...
More »