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Demonetisation effect: Cash-starved anganwadis struggle to feed children -Subodh Varma

-The Times of India There is a trace of pride in Nisha Chaurasiya's voice as she complains of how she and her co-workers in an anganwadi in Rajnandgaon district of Chhattisgarh struggled to provide food to babies and children, and to expectant women, since demonetisation took effect on November 8. "The self-help groups borrowed money from everybody, stood in bank queues, pleaded with officials and even spent from their own meagre savings...

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Parliamentary panel hears adverse views on demonetisation -Dilasha Seth & Amit Agnihotri

-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on banks New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18.   The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of...

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Cash crunch proves a hot potato for these farmers -Vikas Vasudeva

-The Hindu Cultivators in Punjab and Haryana head for another period of distress, thanks to demonetisation Demonetisation of Rs. 500 and Rs. 1,000 notes has badly hit potato growers in Punjab and Haryana where farmers are heading for yet another period of distress as they are finding it difficult to recover even the cost of produce, let alone make profits. In Jalandhar’s vegetable market, the fresh-crop potato fetched as low as Rs. 100...

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Demonetisation: Was RBI given enough time to discuss note ban, Manmohan Singh asks House panel -Anand Mishra

-The Indian Express Manmohan Singh also suggested that the panel — which is looking into the demonetisation decision — call government officials to depose before it hears RBI Governor Urjit Patel. New Delhi: During a meeting of the Parliamentary Committee on Finance on Thursday, former Prime Minister Manmohan Singh sought to know whether the RBI was given sufficient time to hold deliberations on the government’s demonetisation move. He also suggested that the...

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Farmers get 60 days more to repay crop loans due in November-December

-PTI NEW DELHI: In a bid to provide relief to farmers hit by Cash crunch, the government today gave them an additional two months to repay their crop loans due in November-December period and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy. Under the interest subvention scheme, farmers get the short-term crop loan of up to Rs 3 lakh for one year at an interest...

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