In 1991 when the government had no choice but to embark on major economic reforms, it was done in a non-disruptive and gradual manner, according to renowned economist C Rangarajan. The then Prime Minister Narasimha Rao had the deftness to sell reforms to old guards in the Congress party and made reforms painless with a step-by-step approach. Lifting Rs two lakh cash limit imposed after demonetisation could go a long way in remonetising farm traders. The government should ensure that farm traders are not starved of funds during the short period of two to three weeks during sowing or harvesting. So the cash crunch becomes a major issue in running rural economy as it distorts the entire farm market operations.

Source: dna June 09, 2019 23:48 UTC