-The Economic Times Farmers accustomed to decades of government policy failure are willing to bear the pain caused by the government’s decision to recall Rs 500 & 1000 bills, but engineering a systematic failure of the rural cooperative banking sector would be an unpardonable desecration. Earlier rural bank branches were given a step motherly treatment: Rural cooperative bank branches were not replenished with lower denomination currency, while the newer higher denomination notes...
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How Demonetisation Is Affecting Migrant Labourers in Kerala -Rahul M
-Caravan Magazine “It was like hitting hard at the bird’s nest with a stone,” said P Somu, a Dalit migrant labourer, who travelled from Mudigubba mandal of Anantapur district in Andhra Pradesh to Cochin to work. He said, “It’s the same feeling I got after I was cheated by [the agro-based retail conglomerate] AgriGold. I had sold the cow and calf I loved.” When I met Somu on 12 November 2016,...
More »Prof. Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by The Economic Times
-The Economic Times In a chat with ET Now, Abhijit Sen, Professor, JNU, says this is a whole sector in which there are very large cash demands for production at one or two points in time and this happens to be one. Edited excerpts * The government has hiked MSPs for rabi crop. How do you see the impact of higher MSPs for output and demand for rabi playing out? The increases are normal...
More »Bank gives UP woman with cancer-stricken son Rs 2000 in Rs 1 coins -Oliver Fredrick and Anupam Srivastava
-Hindustan Times Lucknow: Life has been a story of setbacks for Sarju Devi, a resident of Maurawa road in Mohanlalganj, but she is a fighter. The woman in her late 60s has faced struggle – be it at the time when she lost her husband, or when her young son was diagnosed with last-stage-abdominal cancer. But what happened on Tuesday left her crestfallen. On the day, Sarju couldn’t control her emotions when...
More »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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