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Demonetisation: Investigate unusual spurt in deposits

-The Economic Times A graphic on this page on Thursday showed a steep increase of Rs 4.8 lakh crore in bank deposits in September over the August figure. This spurt, ahead of the demonetisation of Rs 1,000 and Rs 500 notes announced on November 8, was not seasonal. It needs to be inquired into, to rid the demonetisation drive of a possible taint in the form of suspicion that some people...

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Brace for more cash blues as the next salary date nears -G Naga Sridhar

-The Hindu Business Line Ensuring cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill...

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Demonetisation: How the cash crisis can be used to tame rural commercial capital -Pravesh Sharma

-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...

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The Liquid Alternative: The ultimate antidote to farmers' debt woes - dairying -Harish Damodaran

-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...

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Don't Fall For Aadhaar and Biometric-Based PDS Reforms, Academics Tell Nitish Kumar -Gaurav Vivek Bhatnagar

-TheWire.in Given the negative impact biometric point of sales machines have had in Jharkhand and Rajasthan, the group urged Bihar to continue its own PDS reforms. A group of economists and social scientists have urged Bihar chief minister Nitish Kumar to not buckle under pressure from the Centre to use Aadhaar-based point of sales (PoS) machines for the distribution of rations under the public distribution system (PDS). These machines have been found...

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