-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...
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Farmers run out of cash in middle of sowing season -Nidhi Sharma
-The Economic Times NEW DELHI: Prem covers his face as he sets the line of paddy stubble on fire. While half the field is ready for sowing, it is his turn to get the other half ready. His brother has travelled from their Hansi village to Hissar to stand in queue at the Corporation Bank to withdraw money. The brothers do not have enough to sow their next crop of wheat. ET travelled...
More »It does not smell good but could help clean up North India's toxic air -Abhishek Dey
-Scroll.in Some farmers in Punjab and Haryana are moving away from burning the crop stubble, using it to make mulch instead. A week after Diwali, the smog over Delhi hadn’t lifted. The air was more toxic than any other city in the world. Wearing masks and holding up banners that said “We are not Hiroshima”, about 200 Delhi residents gathered at Jantar Mantar on November 6, demanding clean air. Waking up abruptly to...
More »Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by Lola Nayar
-Outlook Economist Abhijit Sen on how Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Former chairman of the Commission for Agricultural Costs and Prices, economist Abhijit Sen, in an interview with Lola Nayar, explains that Prime Minister Narendra Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Sen expects a tax amnesty scheme...
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...
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