-Business Standard System in place for Aadhaar-linked payment through state but shopkeepers and consumers yet to cheer Ahmedabad: When young housewife Sarojben Rabari comes to buy rice from the Public Distribution System (PDS) shop in Ramnagar, on the northern fringes here, the shopkeeper asks her to pay by using her Aadhaar card. The woman refuses – she has neither an Aadhaar card or a bank account. She wishes to pay in cash;...

-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

-The Hindu Business Line At present only 84 Central schemes are under DBT New Delhi: Hoping to give a push to its ambitious scheme for cash transfer of subsidies, the Centre is in talks with nodal ministries and implementing agencies to expand the ambit of direct benefit transfer and Aadhaar seeding to all 536 schemes by the end of the year. “The objective is that service providers as well as service receivers in...

-The Economic Times NEW DELHI: The price of vegetables, particularly onion, could rise in the coming months as the government has estimated that output is slightly lower than last year. Horticulture output has not kept pace with the robust growth in the estimated production of foodgrains and oilseed in the crop year to June 2017, advance estimates of the agriculture ministry showed on Friday. Production of vegetables is estimated to be around...

-Livemint.com Repeated price shocks take the sheen off horticulture crops grown by small and marginal farmers New Delhi: In the past few years, horticulture crops emerged as a favourite for small growers across the country. 2016-17 marks the fifth straight year when production of fruits and vegetables is estimated to surpass that of foodgrains. This signals a fundamental shift in India’s farm economy towards a growing share of horticulture crops, which now...