-The Hindu Business Line Scarcity of ?100 notes hits kharif harvesting; decline in demand worsens situation Hyderabad: Ram Singh (name changed), a 45-year-old farmer near Ranjim, a tehsil in Chhattisgarh, stood impatiently in the long queue, waiting for his Turn to swap a bunch of old notes for new. “I don’t want the new notes. I’m desperately looking for ?100 notes that I need to pay to the labourers that I have...
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Is the North-East monsoon headed for a washout? -Vinson Kurian
-The Hindu Business Line Thiruvananthapuram: All available indications now point to the washout of the North-East monsoon in the Peninsula, after the drubbing it received during the preceding South-West monsoon. With half of November gone and no prospects of any major pick-up in rain during the rest of the month, there is little that the last month of December can possibly bring in. What looked a like a brief revival in activity early...
More »In fact: When the money stops -Harish Damodaran
-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...
More »Farmers run out of cash in middle of sowing season -Nidhi Sharma
-The Economic Times NEW DELHI: Prem covers his face as he sets the line of paddy stubble on fire. While half the field is ready for sowing, it is his Turn to get the other half ready. His brother has travelled from their Hansi village to Hissar to stand in queue at the Corporation Bank to withdraw money. The brothers do not have enough to sow their next crop of wheat. ET travelled...
More »The tragedy of the commons -Neha Sinha
-The Hindu The only way out for public policy for environmental damage is to place strong emphasis on individual and social cost of inaction Residents in the already polluted Capital experienced something of a Turning point on Diwali. The belaboured, particulate-loaded air was further bombed with firecrackers. Some described the scene as a war zone with active shelling. People were angry not only because they could not physically breathe, but also because...
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