Live Mint reports: Agriculture is likely to be the worst affected by the note ban, because 1) The policy coincided with harvest of kharif crops, and farmers are facing difficulty selling it. 2) Lack of cash must have posed difficulty in sowing of rabi crops. 3) Unlike other sectors, farm output is perishable in nature.
Milind Murugkar writes: ‘Why doesn’t the informal sector, supposedly badly hit by demonetisation, protest or scream in pain?’. Defenders of demonetisation often pose this question. If you want an answer to the question, please listen to Sachin Jadhav. His story takes us through the long chain of economic loss and suffering of the rural population.
Harish Damodaran writes: In the past, droughts invariably fuelled speculation and hoarding by unscrupulous traders. But this time, Indians in the cities are hardly feeling the pinch. Barring sugar, consumers aren’t paying all that much more compared to a year ago. Simply put, this time it is a drought essentially of farmers and rural producers.
Sudipto Mundle writes: India’s current high growth is organically linked to food price inflation, and the rising margin between the wholesale and retail price of food. Should we continue to celebrate India’s status as the world’s fastest growing economy, while leaving it to consumers to cope with rising food prices as best as they can?
Decision On GM Mustard Deferred *Mining interests and tribal rights on collision course *Former atomic energy regulator says India needs to pause nuclear plans *Lesser water recorded in Indian reservoirs than last year *Sikkim Organic Mission: We Need To Dig Deeper *Hydro dam boom threatens freshwater fish *Radioactive Water From Fukushima Leaking Into the Pacific