-The Hindu ‘Merchants say they have no cash. They offer low prices [for the paddy crop], which is unviable.’ BARABANKI (Uttar Pradesh): The little makeshift kiosks that dot Baruwanarendrapur’s rustic landscape, supplying it rations and other daily items, have not opened since November 9. The next nearest supply point is at Ramnagar Kasba, a good 10 km away, entailing an excruciating wait at the railway crossing on the route. Holi Gautam, a Dalit...
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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...
More »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...
More »Air quality a bit better, may improve this week
-The Times of India NEW DELHI: Delhi's air quality on Monday was the best the city has seen in 20 days although it was still in the 'very poor' category. The good news is that the city's air is likely to get slightly cleaner in the next few days, the Central Pollution Control Board said. The air quality index on Monday had improved to 311, the best since October 26 when the...
More »Cash Crunch In Marathwada Village: In year of good yield, currency ban hits crop prices -Parthasarathi Biswas
-The Indian Express The State Bank of India, Maharashtra Gramin Bank and Nanded District Cooperative Bank have branches in Malegaon. But only the SBI and Gramin Bank branches are dispensing cash. Malegaon (Nanded): The family of Pralhad Ingole, a farmer who owns about 6 acre of land, is struggling in the absence of cash. The lone ATM in their village of Malegaon in Nanded district, operated by the State Bank of...
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