-The Hindu Business Line Scarcity of ?100 notes hits kharif harvesting; decline in demand worsens situation Hyderabad: Ram Singh (name changed), a 45-year-old farmer near Ranjim, a tehsil in Chhattisgarh, stood impatiently in the long queue, waiting for his turn to swap a bunch of old notes for new. “I don’t want the new notes. I’m desperately looking for ?100 notes that I need to pay to the labourers that I have...
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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 »In UP, the wind that shakes the paddy -Omar Rashid
-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...
More »Motive behind demonetisation is justifiable but there may be collateral damage
There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
More »Policy disaster -Reetika Khera
-Frontline.in The PDS, the ICDS and the MDM schemes constitute lifelines for a vast majority of the population. Maternity entitlements need to be seen both as a right for women and as instruments in the battle against undernutrition. A government that ignores or undermines them does so at its own peril. THE GLOBAL HUNGER INDEX 2016 puts India at 97 out of 118 countries. The release of these numbers is great...
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