End of January marks the grape harvest season around Nashik. After falling prices after demonetisation led farmers to slash down standing tomato crops last month to make way for emergency sowing of wheat to eat, hope had rested on the grape crop coming up. However for all the reports in media about farmers adopting cashless methods and grape exports and what not, the ground reality remains grim. Here is a report from the Maharashtra Times.…"Grape season in peril in Nashik due to demonetisation"
There are multiple accounts of official spokespersons referring to the government using the money of citizens deposited into their bank accounts for development of infrastructure and other government spending. This is alarming. The money owned by individuals is not government property."Ominous: Is the government planning to appropriate money of citizens?"
Over the last few days, I’ve had many discussions with various people about going cashless. So far, I haven’t met anyone who applied for internet access if they didn’t already have or installed a payment app if they didn’t already have, contrary to reports in media (which may possibly be largely limited to the metros). Here are some reasons I found out. Ours is an area that would classify as a town though it has…"Why our area doesn’t seem to be going cashless"
As soon as the demonetisation of Rs.500 and Rs.1000 notes was announced, I had said that it was a forced and public funded “bailout” of banks. This article examines news reports from the last year and explains how I arrived at the conclusion."Here is how the #demonetisation is a forced, public funded bailout of banks"
Political parties in India are not required to account for small cash donations. This has been used to do much evil in India. Political parties should consider exchanging the troublesome notes for citizens as donations received and returned (for whatever reason, including “demonetisation”) and get the notes exchanged in bulk at the RBI (or deposited into their bank accounts and withdrawn as legal tender for further exchange). The RBI cannot shrug off liability for these notes…"An opportunity for political opposition of #demonetisation"
There is an abundance of claims by the government both about the virtues of demonetisation as well as the duration of the “inconvenience” people have to go through. Here is my attempt to debunk some of them. To begin with, there is a slight problem. The objectives of the demonetisation have not been officially and explicitly listed anywhere, it appears, so one must draw them based on the Prime Minister’s speech and whatever various people have…"Problems with the tall claims made about demonetisation"