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Dry ATMs dispensing more disappointment than Cash

-The Economic Times Prime Minister Narendra Modi wants India to go Cashless. And it seems that automated teller machines, or ATMs, have been taking the lead ever since the demonetisation drive began. They are absolutely what PM wants the economy to be — Cashless. The result: people's frustration is building up because ATMs are either getting emptied faster than they are refilled, or they are just not working. ET reports from commercial hubs...

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Brace for more Cash blues as the next salary date nears -G Naga Sridhar

-The Hindu Business Line Ensuring Cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing Cash when customers withdraw their salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill...

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How farmers in Bundelkhand perceive demonetisation -Sayantan Bera

-Livemint.com Several Bundelkhand farmers contend that demonetisation is a direct attack on the class divide and has reduced the rising gap between the rich and the poor New Delhi: In April this year, before the monsoon set in on parched Bundelkhand, Ajay Tripathi was witness to countless cattle deaths and fellow villagers migrating in hordes to escape the aftermath of consecutive years of drought. For the young farmer from Uttar Pradesh’s Mahoba...

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Cash crunch rains misery on farmers after below-par monsoon -Nidheesh MK, Dharani Thangavelu and Sharan Poovanna

-Livemint.com The impact of Cash crunch on farmers is likely to have a cascading effect on the broader economy in southern India Bengaluru/ Chennai: P.V. Rajappan, a rice farmer in Kerala’s drought-hit Palakkad district, had been planning to drill a borewell to irrigate his next crop. He thought he would be able to do it this year. Rajappan delivered his entire harvest—10,210kg of paddy—to the state-run Civil Supplies Corporation, popularly known as...

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Farmers short of Cash, West Bengal stares at 1/3 paddy wastage -Aniruddha Ghosal

-The Indian Express The problem is particularly pronounced in Bardhaman district — known as the rice bowl of Bengal. Kolkata: West Bengal’s agriculture department has estimated that 35 per cent of the monsoon paddy might go waste if not harvested in time, an exercise that has been badly hit with farmers lacking the Cash to pay for labour. The estimate is part of an agriculture department report, commissioned to assess the impact...

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