#Notebandi Frontlines: In Tribal Areas, Low Literacy, Cellphone Use, Few ATMs

“If I can’t read, how do I know what buttons to press,” said Zumla, a bhil tribal from the village of Footiya, in Jhabua district, Madhya Pradesh, when asked whether he uses an ATM. The government’s push for cashless payments is missing historically disadvantaged populations like the scheduled tribes.   Dhar, Jhabua and Khargone districts … Continued

#Notebandi Frontlines: Sales Fall, Anger Rises–Why The Fishing Industry Can’t Go Cashless

A view of the Margao wholesale fish market. With notebandi, distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu, and Kerala.   Siolim, Mapusa, Panaji and Margao (Goa): Gangu Kundaikar is a small-framed, saree-clad woman who rises at 3 am every day, wraps a cloth … Continued

#Notebandi Frontlines: Flower Harvest Income Falls 70%; Year Lost: A Farmer’s Story

Keshu Singh Patel, a flower and vegetable farmer from Mirjapur, Madhya Pradesh, selling his produce to a retailer at the flower market in Indore, on December 7, 2016. Patel earned 70% less this harvest season because of demonetisation.   Mirjapur and Indore (Madhya Pradesh): As the sun rose in the morning sky, piles of white … Continued

#Notebandi Frontlines: Onion Rates Halve, Farmers Have No Cash, Can’t Go Cashless

Onions, which were sold for Rs 1,000-1,200 per quintal in the weeks before demonetisation, are now sold for Rs 600-700 per quintal. Onion farmers from Nashik district, Maharashtra’s onion belt, try to cope with mounting losses and problems due to cash crunch.   Pimpalgaon/Lasalgaon, Nashik (Maharashtra): Prime Minister Narendra Modi would be happy with 26-year-old … Continued

April 2017: Earliest India Will Get Its Cash Back

  We are 17 days away from Prime Minister Narendra Modi’s 50-day deadline to end the worst effects of the scrapping of 86%–by value–of India’s currency. In the chest-thumping, hand-wringing and controversy that has ensued since the announcement on November 8, 2016, there has been an absence of facts on the question of re-monetising India. … Continued ...

4 Indicators Of India's Cashless Growth–And Hurdles To Future Expansion

  As India’s government–fronted by Prime Minister Narendra Modi’s Twitter account–announced a slew of incentives to propel Indians to discard cash, IndiaSpend found four signs of an expanding base: Five-fold growth in electronic bank transfers and doubling of ATMs and card-swipe machines over five years, and a 50% rise in credit cards over four years. … Continued

4 Indicators Of India’s Cashless Growth — And Hurdles To Future Expansion

As India’s government–fronted by Prime Minister Narendra Modi’s Twitter account–announced a slew of incentives to propel Indians to discard cash, IndiaSpend found four signs of an expanding base: Five-fold growth in electronic bank transfers and doubling of ATMs and card-swipe machines over five years, and a 50% rise in credit cards over four years. It … Continued

RBI Says No Notes Shortage, Outside Delhi Hundreds Face Job Losses

Casual workers, mostly tailors, arrive at the Noida Phase II bus stand as they begin their daily job hunt. About 80% of the 7 million workers in the textile and apparel industry are temporary, and are paid almost entirely in cash–currently in severe short supply.   Around 08.30 every morning, hundreds of workers arrive at … Continued

How Modi Changed (And Changed) The Demonetisation Narrative

Prime Minister Narendra Modi chairs a meeting on demonetisation, on November 13, 2016. An IndiaSpend analysis of the Prime Minister’s seven speeches reveals a shifting of the narrative of the demonetisation action and its objectives.   Prime Minister Narendra Modi addressed the nation on November 8, 2016 to announce the withdrawal of Rs 500 and … Continued

5 Hurdles To PM’s Push For Cashless Economy

Advertisement boards of Paytm, a digital wallet company, are seen placed at stalls of roadside vegetable vendors in Mumbai. As the #notebandi disruption wears on, Prime Minister Narendra Modi has kicked off a new drive to make India a cashless economy. We identified five major hurdles.   On 27 November, 2016, during an election rally … Continued