-PTI KENDRAPARA: With the harvesting of paddy crop drawing near, the age-old practice of 'Badalia', a system of exchanging labour services prevalent in coastal districts, is showing signs of revival in some pockets of Odisha. A small and marginal farmer like Jugal Kishore Lenka is all set to work in a fellow farmer's plot during harvesting to cut down his need for cash in the post-demonetisation scenario. Together with Sudam Sahu, a fellow...
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Farm labour barter beats cash crunch -Manoj Kar
-The Telegraph Paradip: For Jugal Kishore Lenka, a marginal farmer from Goda village in Erasama block of Jagatsinghpur district, badalia, the once popular system of exchange of labour, has come as a big relief. Cash strapped by demonetisation, he was worried about labour payments for harvesting his paddy. Now, he has entered into a badalia arrangement with fellow farmer Sudam Sahu, who is also looking for labour for paddy harvesting. They can now exchange...
More »Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)
-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...
More »Time to decongest our prisons
-The Hindu The overcrowding of prisons in the country is a long-standing problem that is seldom addressed effectively. Even though the Supreme Court has, from time to time, raised the issue of prison reforms in general, and that of overcrowding in particular, measures to decongest jails have been sporadic and half-hearted. The issue is once again in the news, with the Supreme Court bemoaning that prisons in Delhi and nine States...
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