-Livemint.com Several Bundelkhand farmers contend that demonetisation is a direct attack on the class divide and has reduced the rising gap between the rich and the poor New Delhi: In April this year, before the monsoon set in on parched Bundelkhand, Ajay Tripathi was witness to countless cattle deaths and fellow villagers migrating in hordes to escape the aftermath of consecutive years of drought. For the young farmer from Uttar Pradesh’s Mahoba...
More »SEARCH RESULT
Oil mills in Modi backyard idle minus cash -Basant Rawat
-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
More »Demonetisation has left India's food markets frozen - and the future looks tense -M Rajshekhar & Abhishek Dey
-Scroll.in The liquidity crisis has affected both the trade in food and the planting of the winter crop. As demonetisation enters its second week, traders in Patna’s Maroofganj mandi are seeing something unprecedented. In the last seven days, the supply of new stocks in this Wholesale Market, which supplies cooking oil, spices, rice, wheat and pulses to shopkeepers across Patna, has plummeted. The supply of cooking oil, for instance, is down by 80%. Talk...
More »After distress sale, fish vanish from markets
-The Times of India KOLKATA: If you failed to find your favourite fish in the market on Wednesday, blame it on the confusion over currency demonetization. With money starting to trickle in, the scenario in the market has changed overnight. If the cash crunch led to a drastic fall in price of fish and vegetables in the last few days, perishable items disappeared all of a sudden on Wednesday. A few...
More »When cash vanishes: A double-whammy -Parthasarathi Biswas
-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...
More »