-The Times of India NEW DELHI: The government has taken a slew of measures to ensure that cash requirements of farmers are not adversely impacted due to the demonetisation exercise, even as it has urged farmers to join the movement for cashless transactions in the ongoing sowing season. About 50 farmers did their first cashless transaction at the event and bought seeds and fertilisers in the presence of Union ministers. Agriculture Minister Radha...
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Demonetisation: If rural cooperative banks sink, so will farmers -Ajay Vir Jakhar
-The Economic Times Farmers accustomed to decades of government policy failure are willing to bear the pain caused by the government’s decision to recall Rs 500 & 1000 bills, but engineering a systematic failure of the rural cooperative banking sector would be an unpardonable desecration. Earlier rural bank branches were given a step motherly treatment: Rural cooperative bank branches were not replenished with lower denomination currency, while the newer higher denomination notes...
More »Rabi sowing slows down
-The Hindu Business Line Bengaluru/ Ahmedabad: Though acreage under the main rabi (winter) crops, such as wheat, gram and mustard continued to rise, overall sowing for the season across the country has turned sluggish as cash-strapped farmers have slowed down planting. According to preliminary data released by the Agriculture Ministry, acreage under rabi crops till November 18 stood lower, at 241.73 lakh hectares, compared to 243.38 lakh ha in the corresponding period...
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 »Bank gives UP woman with cancer-stricken son Rs 2000 in Rs 1 coins -Oliver Fredrick and Anupam Srivastava
-Hindustan Times Lucknow: Life has been a story of setbacks for Sarju Devi, a resident of Maurawa road in Mohanlalganj, but she is a fighter. The woman in her late 60s has faced struggle – be it at the time when she lost her husband, or when her young son was diagnosed with last-stage-abdominal cancer. But what happened on Tuesday left her crestfallen. On the day, Sarju couldn’t control her emotions when...
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