-The Economic Times Farmers accustomed to decades of government policy failure are willing to bear the pain caused by the government’s decision to recall Rs 500 & 1000 bills, but engineering a systematic failure of the rural cooperative Banking sector would be an unpardonable desecration. Earlier rural bank branches were given a step motherly treatment: Rural cooperative bank branches were not replenished with lower denomination currency, while the newer higher denomination notes...

-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...

-TheWire.in Demonetisation will only affect those who conduct transactions in cash, are not a part of the formal Banking system or have not converted their cash into assets. The government’s demonetisation of Rs 500 and Rs 1000 notes is a contentious issue, but is understandable. Such schemes may have not worked in the past, but a political commitment had to be honoured. The question is not whether the government is right for...

-The Times of India MUMBAI: A few cooperative banks, mostly in rural areas, have found a new way to bypass Banking system norms put in place by the government to fight the black money menace. Since PM Narendra Modi launched the demonetisation drive on November 8, these cooperative banks, which are yet to be computerised and still use physical ledger books, are taking cash from customers and opening backdated fixed deposits...

-The Hindu In its first reaction, State govt. says disbursement of crop loans severely hit Chennai: Reacting to the demonetisation-triggered crisis for the first time, the Tamil Nadu government on Wednesday said that disbursement of crop loans to farmers through primary agricultural co-operative credit societies has been affected and it would severely affect food production in the State. The government was “unable” to give new loans to farmers for samba cultivation which accounts...