-The Telegraph New Delhi: A fisherman from Kerala today said the people's resignation in accepting the currency recall despite the distress was not a sign of support but a reflection of how difficult it was mobilise people strapped for cash. "This note-Ban is an attack on people's movements," said T. Peter of the National Fishworkers' Forum at a public meeting on 'Does Demonetisation Tackle Black Money?' "People cannot even come out to protest...
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Picking up the pieces -Pronab Sen
-Ideas for India In an earlier article, Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that the potential damage could be substantial, both in terms of growth and equity. In this article, focussing on solutions, he contends that the government now needs to realise that credit for production purposes is at least as,...
More »As Cash Runs Dry, No Work For Migrants From Drought-Hit Bundelkhand -Aishwarya Iyer & Alok Pandey
-NDTV New Delhi/ Jhansi: It is 8 in the morning and for 60-year-old mason Amir Khan, a migrant from Uttar Pradesh's drought-hit Bundelkhand region, it looks like the day will involve yet another futile wait for work on a South Delhi road - the third such day in succession. Mr Khan is one among thousands from Bundelkhand who work as daily wagers in bigger cities each year, sending back money to help...
More »Prof. Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by The Economic Times
-The Economic Times In a chat with ET Now, Abhijit Sen, Professor, JNU, says this is a whole sector in which there are very large cash demands for production at one or two points in time and this happens to be one. Edited excerpts * The government has hiked MSPs for rabi crop. How do you see the impact of higher MSPs for output and demand for rabi playing out? The increases are normal...
More »Demonetisation has left India's food markets frozen - and the future looks tense -M Rajshekhar & Abhishek Dey
-Scroll.in The liquidity crisis has affected both the trade in food and the planting of the winter crop. As demonetisation enters its second week, traders in Patna’s Maroofganj mandi are seeing something unprecedented. In the last seven days, the supply of new stocks in this wholesale market, which supplies cooking oil, spices, rice, wheat and pulses to shopkeepers across Patna, has plummeted. The supply of cooking oil, for instance, is down by 80%. Talk...
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