-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
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Small farmers, farm workers bear the brunt as cash becomes scarce
-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...
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 »Artificially created distress -Utsa Patnaik
-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
More »Speaking up for dry-land farmers in Maharashtra -Milind Murugkar
-Livemint.com The discourse in the state treats all farmers—small, medium, big, irrigated and rain-fed—as a homogeneous entity, ignoring differences in the severity of their problems Sharad Pawar breached an unwritten rule of Maharashtra politics. Recently, he spoke about the woes of small farmers, albeit those in the irrigated belt. He regretted that a sugarcane farmer of barely two acres of land is often viewed as a rich farmer and that too, rather...
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