-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...

-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...

-The Hindu In its first reaction, State govt. says disbursement of crop loans severely hit Chennai: Reacting to the demonetisation-triggered crisis for the first time, the Tamil Nadu government on Wednesday said that disbursement of crop loans to farmers through primary agricultural co-operative credit societies has been affected and it would severely affect food production in the State. The government was “unable” to give new loans to farmers for samba cultivation which accounts...

-The Times of India MUMBAI: A few cooperative banks, mostly in rural areas, have found a new way to bypass banking system norms put in place by the government to fight the black money menace. Since PM Narendra Modi launched the demonetisation drive on November 8, these cooperative banks, which are yet to be computerised and still use physical ledger books, are taking cash from customers and opening backdated fixed deposits...

There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...