-Business Standard System in place for Aadhaar-linked payment through state but shopkeepers and consumers yet to cheer Ahmedabad: When young housewife Sarojben Rabari comes to buy rice from the Public Distribution System (PDS) shop in Ramnagar, on the northern fringes here, the shopkeeper asks her to pay by using her Aadhaar card. The woman refuses – she has neither an Aadhaar card or a bank account. She wishes to pay in cash;...
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Demonetisation sucked in cash like vacuum cleaner: IMF
-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...
More »Farming goes to seed -Jayshree Sengupta
-The Tribune Demonetisation didn’t overly impact the sector, but devitalisation is a concern THERE has been a lot of speculation about the extent of damage due to demonetisation on agriculture. Small farmers suffered most because cash in hand means a lot to them. They were unable to pay for inputs like fertilisers, seeds and farm labour and experienced low demand for their perishable produce. The latest data from government’s agricultural ministry however...
More »Retail inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
More »What farmers want from policy-makers -Rajalakshmi Nirmal
-The Hindu Business Line A realistic MSP, better market access and warehouses Agriculture is not a profitable business in India. About 70 per cent of the country’s farmers are struggling to make ends meet. In 2012-13, the NSSO’s ‘Situation Assessment Survey of Agricultural Households’ showed that farmers who own 1 hectare or less of land see an average monthly income of ?5,247, which doesn’t even suffice to meet their household expenses. Prime Minister...
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