-Livemint.com Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the Cheques due to currency shortages at banks Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist. Farmers are getting paid for their produce by traders either by cheque or via...
More »SEARCH RESULT
Oil mills in Modi backyard idle minus cash -Basant Rawat
-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
More »Bank gives UP woman with cancer-stricken son Rs 2000 in Rs 1 coins -Oliver Fredrick and Anupam Srivastava
-Hindustan Times Lucknow: Life has been a story of setbacks for Sarju Devi, a resident of Maurawa road in Mohanlalganj, but she is a fighter. The woman in her late 60s has faced struggle – be it at the time when she lost her husband, or when her young son was diagnosed with last-stage-abdominal cancer. But what happened on Tuesday left her crestfallen. On the day, Sarju couldn’t control her emotions when...
More »When cash vanishes: A double-whammy -Parthasarathi Biswas
-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...
More »Demonetisation hits onion farmers
-Deccan Herald Trading stopped indefinitely in Bagalkot market The scrapping of the notes of Rs 500 and Rs 1,000 denomination by the Central government has severely affected onion traders in the district. Following a request by the traders, the agriculture produce marketing committee has deferred onion trade for an indefinite period. The traders had requested the APMC to stop trading till the currency situation becomes “normal.” However, the move has not gone down well...
More »