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Farmers fear lost crops and income after Modi govt’s demonetisation move
Friday, November 18, 2016 IST
Farmers fear lost crops and income after Modi govt’s demonetisation move

For farmer Buddha Singh, who works a little plot of land in the town of Bajna south of New Delhi, the administration's choice to annul Rs 500 and Rs 1,000 banknotes to smash dark cash could scarcely have come at a more regrettable time.

He and a large number of different agriculturists can't get enough money to purchase the seeds and composts they requirement for their winter crops, undermining creation of key items and harming provincial groups just barely recouping following two years of dry season.

"We can't purchase our full necessities of seeds, manure and pesticides using a credit card. There is a breaking point," said Singh, a man in his 50s, who works a two-section of land field close to the interstate running from the funding to Mathura.

"We're coming up short on time as we've just 10-15 days more to plant crops like wheat, mustard and chickpeas," he included, to mumbles of consent from around 30 kindred ranchers sitting under a neem tree and examining their situation.

The nation's 263 million ranchers for the most part live in the money economy, presenting them to the full effect of Prime Minister Narendra Modi's amaze November 8 declaration that bigger section banknotes would quickly stop to be lawful delicate.

Modi's drive to cleanse dark money from the economy has, at a stroke, wiped out 86% of the cash available for use.

Agriculturists increased some help on Friday, with authorization to pull back Rs 25,000 a week against their yield advances, the administration said.

While city occupants are as yet lining up to trade or store old cash at the bank, and to draw new subsidizes, numerous villagers live miles from the closest branch and have yet to see the new notes being hurried into dissemination.

 
 
 
 
 

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Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


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