-The New Indian Express BALLARI: Demonetisation couldn't have come at a worse time for farmers in Ballari district. November is when they harvest the kharif crop and sow for rabi. Even as they were coming to terms with the carryover effects of drought and low prices, Prime Minister Narendra Modi pulled a fast one on them. Lepakshi Naidu, a farmer of Hosapete taluk, says demonetization left him with no cash to buy...
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MGNREGA hires plummet by 23 per cent in notebandi November -Subodh Varma
-The Times of India NEW DELHI: The Modi government's demonetisation move seems to have taken the wind out of the sails of an already faltering job guarantee scheme. The number of households getting work in November dropped by 23% compared to the previous month and those being turned back empty-handed jumped to a staggering 23.4 lakh, almost twice the number in October. Compared to the same month last year, work given this...
More »Post-demonetisation: Punjab farmers weather storm - with help from arhtiyas -Anju Agnihotri Chaba
-The Indian Express Credit, payment in old notes from grain commission agents ensures normal rabi planting operations. Jalandhar: Punjab farmers have so far got only about Rs 19,350 crore, out of the Rs 24,915 crore that was due for the 16.50 million tonnes paddy they had supplied to government agencies in the recent kharif procurement season at the minimum support price (MSP) of Rs 1,510 per quintal. But even with pending payments of...
More »Cash need not be king
-The Hindu The government has declared an incentive package to encourage non-cash payments for fuel, new insurance policies from public sector firms, train tickets and highway toll, among other things. For credit and debit card transactions up to Rs.2,000, the Reserve Bank of India has relaxed its stringent two-factor authentication requirement, and service tax stands waived. Taken together, these moves to encourage cashless payments are significant not just because they can...
More »Will note ban dry up informal loans in rural India? -Sayantan Bera
-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and agriculture sectors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and farmers resorted to distress sales of perishables like fruits and vegetables....
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