-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
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Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
More »Lost in the Green Revolution, many-hued varieties of paddy are being revived in Kerala -Leneesh K & Sridhar R
-The News Minute Rice Diversity Blocks in Kerala and five other states preserve over 1,000 indigenous varieties of rice that were at risk of being lost. In the Indian subcontinent, the birthplace of paddy, the colours of the crop’s many varieties are as diverse as the land, its people, languages, cultures, costumes, dialects and so on. But most of that variety was lost, when farmers were asked to forgo indigenous varieties...
More »'My business will be finished': Cash crunch hits farmers in Punjab -Gurpreet Singh Nibber
-Hindustan Times Village Khokh (Patiala): Nek Singh Khokh fears he might wilt, just the way the saplings in his sprawling nursery might. Ever since Prime Minister Narendra Modi unveiled his demonetisation plan, scrapping big denomination currency to drain the economy of black money and counterfeits, Khokh has been struggling to pay labourers to tend to his saplings. The owner of a nursery, some 25 km west of the Punjab town of Sirhind, Khokh...
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