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PM Modi’s Demonetisation Move Brings Huge Relief for Farmers and Families Celebrating Weddings

The government on Thursday announced a new set of measures to ease the massive cash crunch after the sudden currency ban

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New Delhi, November 17, 2016: The government on Thursday announced a new set of measures to ease the massive cash crunch which followed after the sudden currency ban. Since November 8, the government announced several measures to reduce the pressure on people.

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Here are a few of the latest announcements made:

• The limit for exchanging the notes at the banks has been reduced to Rs. 2,000 from Rs. 4,500 for each person from Friday. Economic Affairs Secretary, Shaktikanta Das said that by this way more people would get a chance to exchange the old notes of Rs. 500 and Rs. 1,000.

[bctt tweet=”Notes swapping limited To Rs. 2,000 from tomorrow” username=””]

• Families can withdraw a maximum of Rs. 2.5 lakh for weddings but that is only from one account and based on self-declaration. This was necessary as because in the wedding season, the notes ban led to a severe crisis for those families who had withdrawn cash in bulk before the demonetisation or need cash for wedding purpose.

• “Crop loans are sanctioned by various banks to farmers. The government has allowed Rs 25,000 per week for farmers to draw in cash, subject to the limit of which crops they are sowing. This cash can also be taken from their Kisan credit card,” Das said.

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• Agri-Traders can withdraw up to Rs. 50,000 per week from their designated bank accounts to pay the expenses such as wages

• “Farmers who sell their produce in mandis, against the payments they receive by way of cheque or RTGS method (electronic transfers into their bank accounts), they can draw up to Rs 25,000 per week from their own account,”Das said.

• The time limit to pay the insurance premium on crop loan has been extended by 15 days.

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• Government employees will have the option to draw the salary advance in cash.

-by NewsGram team with inputs from agencies

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The Farmer’s Protest In Delhi Makes The Indian Police Take Severe Steps

The government has allowed police to “brutally beat up” the farmers, said the opposition Congress party.

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Farmer protests
Police use water cannons to disperse farmers during a protest demanding better price for their produce on the outskirts of New Delhi, India. VOA

Indian police on Tuesday fired tear gas and water cannons to halt and scatter a march by thousands of protesting farmers heading for the capital New Delhi to demand better prices for their produce.

Reeling from a crash in commodity prices, more than 50,000 farmers from the northern state of Uttar Pradesh, a top producer of wheat and cane, blocked part of the main highway to the capital.

They also sought loan waivers, cheaper power and tougher action to get sugar mills to pay dues owed for their cane, as discontent in rural areas turns to anger against Prime Minister Narendra Modi, who faces tough general elections next year.

“Despite our repeated requests, the government has failed to help farmers in any meaningful ways,” a farm leader, Dharmendra Malik, told Reuters by telephone from the protest site.

farmers
Police try to stop farmers during a protest demanding a better price for their produce on the outskirts of New Delhi, India. VOA

“Left with no choice, we’ve decided to march to Delhi to highlight our plight.”

Cash-strapped sugar companies owe cane growers about 135 billion rupees ($1.9 billion) in the current season. Saddled with huge piles of sugar and hit by a fall in prices, mills have said they are unable to pay farmers on time.

“The state government has initiated a number of steps to help farmers, including a clutch of measures to expedite cane payments to growers,” Uttar Pradesh Chief Minister Yogi Adityanath told video news agency ANI, a Reuters affiliate.

Mills are struggling to export sugar because of lower global prices, Adityanath said.

Television broadcast images of angry farmers clashing with police and driving their tractors into security barriers, in a protest that disrupted rush-hour traffic.

Farmers
Rural areas turns to anger against Prime Minister Narendra Modi. VOA

Some farmers were injured when police fired tear gas and water cannon to keep protesters from breaking through barricades to reach New Delhi, the site of events to mark the birth anniversary of India’s apostle of non violence, Mahatma Gandhi.

“It’s ironical that the farmers were brutally beaten on the day of Mahatma Gandhi’s birth anniversary,” opposition leader Rahul Gandhi said.

Farmers had started trickling into the city late on Monday, prompting authorities to bar gatherings of more than four people.

The government has allowed police to “brutally beat up” the farmers, said the opposition Congress party, which ruled India for most of its 70 years since independence from Britain, before losing power to Modi’s Bharatiya Janata Party.

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“Can India’s farmers not come and tell their own government that they are in deep pain?” asked Congress spokesman Randeep Singh Surjewala.

Modi’s rural woes have been worsened by a failure to deliver on a promise of tens of millions of jobs for young people that helped him win the largest mandate in three decades in 2014. (VOA)