-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
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Villagers barter wheat with groceries to beat currency blues in Rajasthan
-PTI BUNDI: Cash-starved Farmers in Bundi villages - where ATM and bank branches are hard to find - have resorted to the ancient barter system, exchanging wheat and pulses with other commodities. For Farmers in the villages it is literally a return to the old days. Wheat is currently being sold for Rs. 21 to 24 per kg but the locals in villages are forced to purchase commodities weighing equal to wheat thus...
More »Arhar prices fall below MSP after bumper crop -Sayantan Bera
-Livemint.com Prices may dip further once the harvest from Maharashtra, Gujarat and Madhya Pradesh hits markets in January New Delhi: After moong, prices of arhar, a major rain-fed kharif crop, have plunged below support prices in major growing states such as Karnataka and Andhra Pradesh where the crop has reached markets. The dip in wholesale prices follows a record crop due to a normal south-west monsoon and Farmers increasing its acreage, taking a...
More »Arhar pinches, this time for Farmers! -Harish Damodaran
-The Indian Express For Farmers, the main source of their woes is a bumper crop. If 2015 was the year of arhar (pigeon-pea) – retail prices of the milled dal scaled Rs 180-200 per kg levels in October and contributed hugely to the Bharatiya Janata Party’s defeat in the Bihar Assembly polls – 2016 is set to close with the humble legume virtually disappearing from the public radar. The new crop, which has...
More »Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
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