-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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Demonetisation: Centre sends teams to study impact -B Muralidhar Reddy
-The Hindu The decision is intended to convey that there is no going back on Narendra Modi’s announcement. New Delhi: Having resolved to stay the course and see through the implementation of the Prime Minister’s decision on withdrawal of 500- and 1000-rupee notes from circulation, the Union Government late on Friday night announced that a team of officials from the centre was being rushed to different States for a spot assessment of...
More »Informal credit systems: Modi has crippled a very Indian way of doing business -Ajaz Ashraf
-Scroll.in The disruptive impact of the demonetisation policy is most evident in Varanasi’s sari-fabric industry. Prime Minister Narendra Modi’s decision to demonetise high-denomination notes has delivered a crippling blow to the uniquely Indian system of financing business. This outcome is ironic for the prime minister whose party, the Bharatiya Janata Party, is forever engaged in extolling India’s contribution to knowledge in ancient times and singing praises of Indian culture. From Delhi to Varanasi...
More »Demonetisation hits transport business; Truckers fail to pay -Megha Manchanda
-Business Standard The All India Motor Transport Congress has said the supply of essential goods will get impacted with immediate effect New Delhi: Government’s suspension of Rs 500 and Rs 1000 denomination notes has hit the truckers hard as they are unable to transport essential food items, including milk and vegetables, due to scarcity of smaller denomination currency and unacceptance of old tender notes by state authorities, toll plazas and labourers. More than...
More »Motive behind demonetisation is justifiable but there may be collateral damage
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...
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