-Hindustan Times New Delhi: The Supreme Court on Friday asked the Centre whether its decision to bring in demonetisation was taken in absolute secrecy while hearing a bunch of petitions questioning the Narendra Modi government’s rationale behind the implementation of the policy. “When you made the policy on demonetisation, was it confidential?” the top court asked. Chief Justice TS Thakur also asked why the Centre’s order granting limit of Rs 24,000 per day...
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Demonetisation blues: No work or Cash, over 10,000 daily wagers leave Gurgaon -Abhishek Behl
-Hindustan Times Gurgaon: The demonetisation move by the Centre is turning out to be a nightmare for over 1 lakh construction workers in the city. Labour department sources said that 10,000-12,000 daily wage workers have already left Gurgaon. In the absence of work and Cash, a majority of the seasonal workers are struggling to make ends meet. To get a clearer picture, the labour department has also ordered a survey. Gurgaon is a...
More »Demonetisation: Politics trumps economics -Deepak Nayyar
-Livemint.com The possible macroeconomic consequences of demonetisation are cause for concern as Cash is the lifeblood of the economy It is exactly one month since Prime Minister Narendra Modi announced the decision that Rs.500 and Rs.1,000 notes would cease to be legal tender acceptable for payments in settlement of transactions. There was some provision for exchange or deposit of old notes at banks, but with specified limits on sums and time. The past...
More »Cheque payments making farmers' lives more difficult -Madhvi Sally & Jayashree Bhosale
-The Economic Times NEW DELHI | PUNE: Post demonetisation, Manjit Singh, a farmer in Punjab, is grappling with a new financial reality — a queer mix of debit and credit in Cashstarved villages where farmers are beginning to get some payments in cheques while their suppliers want currency notes. The vegetable and paddy farmer from Malerkotla is yet to receive Rs 35,000 from commission agents who took his produce. He has bought...
More »In Bundelkhand, Farmers Sink Into Debt As Rural Economy Collapses -Ajoy Ashirwad Mahaprashasta
-TheWire.in In the caste and class-unequal region, where a Cashless economy is a distant dream, there is some doubtful support for demonetisation, but mostly concrete hostility. Jhansi: Almost a month after Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1000 notes, the socio-economic fabric of Bundelkhand – one of the poorest regions in central India comprising parts of Uttar Pradesh and Madhya Pradesh – is slowly crumbling. The...
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