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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...

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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...

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Demonetisation leaves lakhs of tea, jute workers in Bengal, Northeast unpaid -Snigdhendu Bhattacharya, Amitava Banerjee and Rahul Karmakar

-Hindustan Times Kolkata/ Darjeeling/ Guwahati: More than five lakh workers in West Bengal’s biggest labour-intensive industries of tea and jute have not got wages since Wednesday when the union government withdrew two high-denomination currency notes. A similar predicament exists in neighbouring Assam and the Rest of the Northeast, which has tea estates in remote areas where currency notes will take days to arrive. In Bengal, owners of several tea gardens and jute mills...

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Farmers, agro industry developing alternatives to stubble-burning

-Hindustan Times Nabha: After a tumultuous demand for alternatives to stubble-burning, the departments seem to have come into action. Officials are visiting the farmers, who gave up stubble-burning and adopted alternative methods on their own, to see the viability of the methods. The agriculture development department highlighted a new instrument made by New Gurdeep Combines, which is fixed at the back of a harvester combine. It trims the stubble into small...

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Show me the money -Ila Patnaik

-The Indian Express Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. The sudden and dramatic announcement by the prime minister banning Rs 500 and Rs 1,000 notes issued by the Reserve Bank of India has a number of objectives. Among them are tackling counterfeit notes, curbing black money and Restricting finance for subversive activities. While progress will be made by...

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