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When cash vanishes: A double-whammy -Parthasarathi Biswas

-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...

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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...

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In UP, the wind that shakes the paddy -Omar Rashid

-The Hindu ‘Merchants say they have no cash. They offer low prices [for the paddy crop], which is unviable.’ BARABANKI (Uttar Pradesh): The little makeshift kiosks that dot Baruwanarendrapur’s rustic landscape, supplying it rations and other daily items, have not opened since November 9. The next nearest supply point is at Ramnagar Kasba, a good 10 km away, entailing an excruciating wait at the railway crossing on the route. Holi Gautam, a Dalit...

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India needs strategy for dal production; here?s why -Yoginder K Alagh

-The Financial Express There is by now substantial agreement amongst analysts that a strategy for dal production which ensures supplies and a reasonable degree of self-reliance is sorely needed, and the country cannot go from one crisis to another without a well-worked-out policy. However, the discussion is flawed on its assessments of what governments can and cannot do and on the lack of a short and medium strategy to enhance production....

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Cash Crunch In Marathwada Village: In year of good yield, currency ban hits crop prices -Parthasarathi Biswas

-The Indian Express The State Bank of India, Maharashtra Gramin Bank and Nanded District Cooperative Bank have branches in Malegaon. But only the SBI and Gramin Bank branches are dispensing cash. Malegaon (Nanded): The family of Pralhad Ingole, a farmer who owns about 6 acre of land, is struggling in the absence of cash. The lone ATM in their village of Malegaon in Nanded district, operated by the State Bank of...

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