-The Hindu Cultivators in Punjab and Haryana head for another period of distress, thanks to demonetisation Demonetisation of Rs. 500 and Rs. 1,000 notes has badly hit potato growers in Punjab and Haryana where farmers are heading for yet another period of distress as they are finding it difficult to recover even the cost of produce, let alone make profits. In Jalandhar’s vegetable market, the fresh-crop potato fetched as low as Rs. 100...
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Demonetisation: Was RBI given enough time to discuss note ban, Manmohan Singh asks House panel -Anand Mishra
-The Indian Express Manmohan Singh also suggested that the panel — which is looking into the demonetisation decision — call government officials to depose before it hears RBI Governor Urjit Patel. New Delhi: During a meeting of the Parliamentary Committee on Finance on Thursday, former Prime Minister Manmohan Singh sought to know whether the RBI was given sufficient time to hold deliberations on the government’s demonetisation move. He also suggested that the...
More »Demonetisation managers incapable, breaking my head over it: Ally Chandrababu Naidu -Sreenivas Janyala
-The Indian Express Naidu had earlier praised Prime Minister Narendra Modi for demonetising Rs 500 and Rs 1,000 notes, even taking credit for the decision. Hyderabad: ANDHRA PRADESH Chief Minister Chandrababu Naidu, who was among the first to welcome the Centre’s demonetisation decision, did a turnaround on Tuesday, saying it was “not what we wished for” and pointed out that there was no solution in sight even after “more than 40 days”. Naidu...
More »Handlooms fall silent in Varanasi, $1 trillion hidden economy stalled
-Bloomberg At the heart of the problem is the way informal businesses like the Varanasi weavers make payments. Varanasi: In Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more than a dozen handlooms lie idle. Abedin is part of the collateral damage of Modi’s Nov. 8 decision to ban high-value currency notes, effectively cancelling...
More »Dialectics Of Authoritarianism: Transition From The People To The Leader -Prabhat Patnaik
-TheCitizen.in NEW DELHI: We are seeing in India at present a remarkable inversion of reason. The more the common people suffer from the impact of Prime Minister Narendra Modi’s demonetization, the more he is lauded for the “courage” shown by him in undertaking it. An economic measure should be, and normally is, judged on the basis of how it benefits the people, and any measure that brings distress to the people is derided...
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