There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
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In hunt for big sharks, livelihood of the poor becomes small change
-The Hindu With little cash in hand, small traders and shopkeepers are unable to keep their businesses running Surendar’s move from Bihar to Perambalur in the heart of Tamil Nadu in search of a livelihood has turned sour over the past few days. A school dropout, Surendar, who made a living selling pani-poori from a cart in this town, has seen his business plummet since the November 8 demonetisation announcement. “Everyone brings...
More »Demonetisation cripples fishing industry in Bengal -Suvojit Bagchi
-The Hindu 'The buyers are tendering Rs. 1,000 notes, which is difficult for us to accept' North 24 Parganas: By about 4 a.m. all shops – about 170 – were open on both sides of an unkempt asphalt road. The shops that were selling fish at a wholesale rate were chock-a-block by 5 a.m.. But many of them were not engaging with the trading. They were small rural fish farmers and sellers, big...
More »Replacing anganwadis with food sachets will only set India?s nutrition schemes back -Dipa Sinha
-Scroll.in The government is likely to announce a new nutrition mission with a bigger role for private companies. The Government of India is expected to announce a National Nutrition Mission in December this year. Some glimpses of what this mission will include were revealed in a recent news item in the Economic Times. The focus seems to be on centralising production of take home rations given to young children and pregnant or...
More »Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by Lola Nayar
-Outlook Economist Abhijit Sen on how Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Former chairman of the Commission for Agricultural Costs and Prices, economist Abhijit Sen, in an interview with Lola Nayar, explains that Prime Minister Narendra Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Sen expects a tax amnesty scheme...
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