-Business Standard According to the data of NCRB, of the 12,602 persons, 8,007 were farmers or cultivators New Delhi: Around 12,602 persons in the farm sector committed suicide in 2015, almost 2 per cent more than in 2014, highlighting the distress in rural areas of India because of two consecutive years of drought. According to the data of the National Crime Records Bureau (NCRB), of the 12,602 persons, 8,007 were farmers or cultivators,...
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The mother of all disruptions -Jean Dreze
-The Hindu The tremendous power of the software industry in India may help explain why the disruptive effects of demonetisation are being taken lightly Evidence is mounting of the disruptive effects of the recent move to renew currency notes, known as “demonetisation”. Disruption is actually a mild expression. What is happening is a catastrophe for large sections of the population. Farmers have dumped vegetables by the roadside for want of a remunerative...
More »As if drought weren't bad enough -Marx Tejaswi
-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...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Cash Crunch In Marathwada Village: In year of good yield, currency ban hits crop prices -Parthasarathi Biswas
-The Indian Express The State Bank of India, Maharashtra Gramin Bank and Nanded District Cooperative Bank have branches in Malegaon. But only the SBI and Gramin Bank branches are dispensing cash. Malegaon (Nanded): The family of Pralhad Ingole, a farmer who owns about 6 acre of land, is struggling in the absence of cash. The lone ATM in their village of Malegaon in Nanded district, operated by the State Bank of...
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