-Livemint.com While the good news is that crop acreages are not hit, the bad news is that the cash crunch is impacting sales—if this lasts long, demand destruction can be severe The winter or rabi crop sowing has gathered pace after a setback. The past two readings from the ministry of agriculture show crop sowing growth of 4-8% from the year-ago levels. In the first week after demonetisation, sowing dropped 0.7%. Sowing has now...
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Rabi sowing picking up pace despite demonetisation woes
-The Hindu Business Line Acreage, however, a tad lower than last five years’ average New Delhi: Despite demonetisation leading to a cash crunch in the economy, the sowing of Rabi crops in the season so far, at 415.53 lakh hectares, was 8.5 per cent greater than the 382.84 lakh hectares sown in the same period last year. While acreage under wheat, pulses and oilseeds increased compared to the same period last year, rice...
More »Cash crunch leaves farmers high and dry in MP's Bundelkhand
-Hindustan Times Bhopal: The Centre’s demonetisation move has hit the farmers in MP’s Bundelkhand hard who were hoping for good rabi crops after facing four years of hardships owing to drought in the region. Farming is the main occupation in the region, and heavy rains this year had brought smiles on the faces of farmers. As the sowing for winter crops was almost complete in this part of the state before demonetisation was...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
More »SC refuses to stay demonetisation proceedings in other courts -Krishnadas Rajagopal
-The Hindu The Supreme Court on Wednesday has refused to stay proceedings in cases filed in other High Courts and lower courts against the demonetisation of Rs. 500 and Rs. 1000 notes. A bench led by Chief Justice of India TS Thakur said the petitions in the various courts highlight "the different inconveniences highlighted in the various cases filed across the country, maybe some relief can be had by these people". Earlier, the...
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