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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...

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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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The tragedy of the commons -Neha Sinha

-The Hindu The only way out for public policy for environmental damage is to place strong emphasis on individual and social cost of inaction Residents in the already polluted Capital experienced something of a turning point on Diwali. The belaboured, particulate-loaded air was further bombed with firecrackers. Some described the scene as a war zone with active shelling. People were angry not only because they could not physically breathe, but also because...

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In hunt for big sharks, livelihood of the poor becomes small change

-The Hindu With little cash in hand, small traders and shopkeepers are unable to keep their businesses running Surendar’s move from Bihar to Perambalur in the heart of Tamil Nadu in search of a livelihood has turned sour over the past few days. A school dropout, Surendar, who made a living selling pani-poori from a cart in this town, has seen his business plummet since the November 8 demonetisation announcement. “Everyone BRIngs...

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In the Long Term Indians Might Lose Faith in Cash and Turn Towards Gold -Ravinder Kaur

-TheWire.in The spectacle of ‘fixing’ India’s illegal economy is not only harming common citizens but also turning small investors away from financial markets. Depending on who is talking, the demonetisation of higher value currency notes by Prime Minister Narendra Modi’s government has either been described by commentators as a ‘bold move’, ‘landmark policy’, ‘game-changer’ and even a ‘political masterstroke’ or has been labelled the single most high-risk political gamble undertaken since the...

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