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RBI says no notes shortage, outside Delhi hundreds face job losses -Malini Nair

-IANS Around 8.30 every morning, hundreds of workers arrive at the main bus depot in Noida Phase II, about 30 km from New Delhi. They fan out into the lanes of the neighbouring hosiery complex. With nothing more than a tiffin box in their hands, they begin their daily job hunt. Almost every factory gate has a board proclaiming "Avashyakta hai (wanted)". It lists the daily requirement of jobbers-tailors, finishers, 'pressmen' (as...

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Bengal's potato growers hit by demonetisation -Suvojit Bagchi

-The Hindu With grocers and cold storage owners refusing to accept scrapped currency notes, farmers are struggling to get potato seeds while landless labourers are forced to forgo their food. Chitra Bag and her family of six are eating less these days. They make do with one meal instead of the usual three meals, despite a gruelling 8-10 hours of work daily as landless farm labourers. Even though vegetables, grown around their...

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Small farmers, farm workers bear the brunt as cash becomes scarce

-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...

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Distract from Ineffectual Governance, Say Civil Society Members -Nehmat Kaur

-TheWire.in As the unorganised sector continues suffering, civil society members, bankers and politicians remain sceptical of demonetisation’s impact on black money. It is no secret that India’s informal sector, a largely cash-based economy, has taken a big hit because of demonetisation. While the government insists that the suffering is only temporary and worth it for cracking down on black money, several representatives from the unorganised sector are presenting a starkly different account...

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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...

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