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Distract from Ineffectual Governance, Say Civil Society Members -Nehmat Kaur

-TheWire.in As the unorganised sector continues suffering, civil society members, bankers and politicians remain sceptical of demonetisation’s impact on black money. It is no secret that India’s informal sector, a largely cash-based economy, has taken a big hit because of demonetisation. While the government insists that the suffering is only temporary and worth it for cracking down on black money, several representatives from the unorganised sector are presenting a starkly different account...

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Distress without resistance: Patnaik

-The Telegraph New Delhi: A fisherman from Kerala today said the people's resignation in accepting the currency recall despite the distress was not a sign of support but a reflection of how difficult it was mobilise people strapped for cash. "This note-ban is an attack on people's movements," said T. Peter of the National Fishworkers' Forum at a public meeting on 'Does Demonetisation Tackle Black Money?' "People cannot even come out to protest...

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Picking up the pieces -Pronab Sen

-Ideas for India In an earlier article, Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that the potential damage could be substantial, both in terms of growth and equity. In this article, focussing on solutions, he contends that the government now needs to realise that credit for production purposes is at least as,...

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As Cash Runs Dry, No Work For Migrants From Drought-Hit Bundelkhand -Aishwarya Iyer & Alok Pandey

-NDTV New Delhi/ Jhansi: It is 8 in the morning and for 60-year-old mason Amir Khan, a migrant from Uttar Pradesh's drought-hit Bundelkhand region, it looks like the day will involve yet another futile wait for work on a South Delhi road - the third such day in succession. Mr Khan is one among thousands from Bundelkhand who work as daily wagers in bigger cities each year, sending back money to help...

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The Street Vendor's View -Arbind Singh

-The Indian Express Unorganised sector is worst-affected by demonetisation. Can banks go to them? An incident in 2000, during my initial years of work, woke me up to an uncomfortable question about post-economic liberalisation India. I was at a meeting with waste-pickers at Digha in Patna and a woman told me of her troubles with a Rs 500 note. She had saved money and changed it into a Rs 500 note, wrapped...

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