Indian Cooperative

In his New Year message IFFCO MD Dr U S Awasthi has listed the challenges facing the cooperative behemoth, its achievements over the years and its goals for the future. But most of all, he talks of two things- technology and digital platform. Thanking farmers for displaying their continued trust in IFFCO products he says the secret of staying ahead is to remain abreast of the latest know-how.

The Times of India

Demonetization seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore, or close to 18% of the total requirement, because of a shortage of cash. Also, there are restrictions on district co-operative banks (DCCBs). Officials said the crisis has given moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they will be paid back in new notes.

Navhind Times

With demonetisation completing 50 days, the situation for the farmers has almost become normal. However the farmers have certainly faced difficulties during the initial days of demonetisation.

Business Standard

The big-bang announcements of Prime Minister Narendra Modi on New Year eve to alleviate the pain of demonetisation may fall short of easing the problems of India’s 140 million farming families because most of the measures do not address the difficulties arising out of the cash crunch.