Small change

Impact on agriculture: It refers to “Agriculture ravaged by liquidity crunch” ( November 23). There is no doubt that the negative effects of cash demonetisation were mostly felt by the farmers who were ready to start sowing rabi crop. The...

The Hindu Business Line, November 24, 2016
Letters
Small change
This refers to Vinson Kurian’s report ‘Local service providers, shopkeepers go for the ‘swipe’ to keep the business running’ (November 23). The solution for the post-demonetisation problems will lie in: ensuring adequate availability of ₹100 and below currency notes across the country; planning the changes in collection of used notes; and rationalising deployment of ATMs in cities and towns to make more of them available in suburban and rural areas.
A cashless economy is not that near. But ‘household’ stock of high value notes can be bought down drastically, while the need to ensure adequate supply of lower denomination currency should not be underplayed.
Coins and notes with religious bodies and organisations like transport corporations should be flushed out into the mainstream by appropriate “disincentives”.
MG Warrier
Mumbai

Comments

Popular posts from this blog

NAVAGRAHA STOTRAM

THE SUNSET OF THE CENTURY

The King of Ragas: Sankarabharanam