-The Indian Express Suspension of work during festivals to ensure a cleaner Ganga and cow vigilantism, which has led to closure of several abattoirs and brought raw hide supply to half, have made things worse. Kanpur: The Namami Ganga Project has hurt leather workshop owner Aqueel Ahmed, 27. His earnings have dwindled with the crackdown on factories polluting the river in Kanpur’s Jajmau area. A kilometre away, priest Ramesh Prasad Tiwari,...
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TV poor show on tobacco
-The Telegraph New Delhi: One in five television programmes in India display tobacco, but only 5 per cent of programmes with tobacco scenes show the mandatory anti-tobacco health spots at the start and middle, a survey conducted for the government has suggested. The survey found tobacco depicted in 22 per cent of programmes in a sample based on nine hours of programming each of 45 of India's 446 TV channels. But it...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
More »'Have money, can't lend!' -TCA Sharad Raghavan
-The Hindu The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare. “It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both...
More »Banarasi sari industry in trouble as traditional credit vanishes after note ban -Omar Rashid
-The Hindu The ‘batta’ system of rolling financing has shrunk as money cannot be withdrawn from banks, and bearer cheques pile up Varanasi: For the already distressed weavers and poorly paid labourers in the famous Banarasi sari industry, demonetisation has come as a crippling blow. Withdrawal limits of Rs. 50,000 on current accounts (around a 10th of the actual requirement in the trade) and falling business post November 8 have constrained traders from...
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