Wed, Mar 29, 2017 | updated 10:41 PM IST

Banarsi sari weavers struggle to make ends meet due to demonetization

Updated: Nov 21, 2016 08:50 IST

Varanasi (Uttar Pradesh)[India], Nov. 21 (ANI): The weavers community in Varanasi, Uttar Pradesh, is facing a tough time after Prime Minister Narendra Modi announced the demonetisation of Rs 500, Rs 1,000 currency notes.

A local weaver said, "With this noble initiative which our Prime Minister Narendra Modi announced on November 8, money exchange started from November 10. We tried to change our currency, but we could not do it. That is why our workshop is also shut."

"As we don't have money, we could not buy fabric for our work and our big traders are also not able to provide us the raw material. So, our weaver community is totally helpless. Labourers are also suffering badly as the price of daily needs like vegetables are touching new highs," he added.

The weaver said if demonetisation goes on for two more months, then most of the people will starve.

This tale of pain doesn't stop here. Many small scale industries too have been hit hard due to the non-availability of cash.

Uttar Pradesh's weavers are facing shortage of raw material and non-payment of wages leaving many jobless these days.

The daily turnover of the Banarasi sari industry is estimated to be around Rs.20 crores and in the wake of demonetisation, power loom operators have had to cancel hundreds of orders for saris.

The demonetisation of Rs. 500 and Rs.1000 banknotes was a step taken by the Government of India on November 8, ceasing their usage as legal tender across India from November 9.

In an address to the nation on November 8, Prime Minister Modi declared the circulation of Rs.500 and Rs.1000 bank notes as invalid and announced the issuance of new Rs.500 and Rs.2000 bank notes.

Bank note denominations of Rs.100, Rs.50, Rs.20, Rs.10 and Rs.5 continue to remain legal tender.

The demonetisation of high value currency has been done to stop counterfeiting of current bank notes allegedly used for funding terrorism, as well as a crack down on black money in the country. The move is also aimed at reducing corruption, drug menace and smuggling. (ANI)

TVF CEO Arunabh Kumar booked for molestation

Updated: Mar 29, 2017 22:40 IST

Mumbai (Maharashtra) [India], Mar. 29 (ANI): A case of molestation was filed against the 'The Viral Fever' CEO Arunabh Kumar on Wednesday following the complaint of a victim at the Maharashtra Industrial Development Corporation (MIDC) Police Station.

Full Story >>

Raipur (Chhattisgarh) [India] Mar. 29 (ANI): Chhattisgarh Chief Minister Raman Singh today announced the implementation of Seventh Pay Commission for state government employees.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Striding out confidently from the Parliament after the Goods and Services Tax (GST) Bill was finally passed, Finance Minister Arun Jaitley on Wednesday said the passage of the bill in the House was history is in the making, adding that the country will witness transforming into a new system of indirect taxation.

Full Story >>

New Delhi [India], Mar. 29 (ANI): With the Lok Sabha passing the Goods and Services Tax (GST) Bill today, Revenue Secretary Hasmukh Adhia applauded the GST council members' efforts that led to bearing fruit in terms of four classic pieces of legislations.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Lok Sabha today passed four key Goods and Services Tax Bills, rejecting amendments moved by the opposition. The Bills are related to Central GST, Integrated GST, UT GST and GST Compensation.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Ahead of the upcoming Municipal Corporation of Delhi (MCD) elections, Congress leader Shashi Tharoor on Wednesday asserted that his party will be approaching the people of Delhi soon with a positive agenda and unprecedented professional manner.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Condemning the Finance Bill which was passed today, the Congress said that the Bharatiya Janata Party (BJP) was acting headstrong in the matter and not heeding the Opposition, adding that the amendments are against the economy.

Full Story >>

Thane: Local goon nabbed for attacking doctors

Updated: Mar 29, 2017 20:34 IST

Mumbai (Maharashtra) [India], Mar. 29 (ANI): The Thane Police on Wednesday arrested the accused who had attacked two doctors of the Thane Civil Hospital.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Delhi Lieutenant-Governor Anil Baijal on Wednesday directed the Chief Secretary to recover Rs. 97 crore spent on advertisements from the Aam Aadmi Party (AAP) for advertisements projecting Chief Minister Arvind Kejriwal and the party, in violation of the Supreme Court guidelines.

Full Story >>

Srinagar [India], Mar. 29 (ANI): A police party which was deployed to handle the locals who were stone pelting, were fired upon by terrorists in Kulgam's Madibugh Yaripora in Jammu and Kashmir today.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Expressing unhappiness over the government's 'immoral' Finance Bill which was passed today, Communist Party of India (Marxist) (CPI-M) general secretary Sitaram Yechury, however, expressed satisfaction that the Centre had been defeated by the Rajya Sabha on four of the amendments.

Full Story >>

Lucknow (Uttar Pradesh) [India], Mar 29 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday said both Surya Namaskar practised by Hindus and Namaz practised by Muslims have similarities.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Enforcement Directorate on Wednesday attached over Rs. 17 Lakhs that was allegedly received by certain residents of Jammu and Kashmir from the Hizbul Mujahideen outfit to transfer to other terrorists.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Hailing the Delhi High Court's order to re-open five cases pertaining to the 1984 anti-Sikh riots, the Bharatiya Janata Party (BJP) on Wednesday dubbed the tragic incident it as a 'state-sponsored terror' unleashed by the Congress party and their goons on the innocent Sikhs of Delhi.

Full Story >>

New Delhi/Varanasi [India], Mar 29 (ANI): After the recent violence in Budgam that witnessed incidents of stone pelting, in which three civilians were killed and 60 security personnel were injured, Congress leader Digvijaya Singh on Wednesday said that the grand old party never politicises any issue related to national security.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Centre has informed that that India remains engaged with the Nuclear Suppliers Group (NSG) and individual members at the appropriate levels to seek membership of the elite group.

Full Story >>

Lucknow (Uttar Pradesh) [India], Mar. 29 (ANI): Uttar Pradesh Deputy Chief Minister Dinesh Sharma on Wednesday said that implementation of Sanskrit Board in Uttar Pradesh education system will enlighten students ethically and therefore develop their mindset.

Full Story >>

Kolkata [India], Mar. 29 (ANI): The West Bengal Police on Wednesday arrested three persons in connection with trafficking illegal arms.

Full Story >>

New Delhi [India], Mar.29 (ANI): Lok Sabha took up discussion on the four bills related to GST: Central GST, Integrated GST, Union Territory GST and GST (Compensation to States) Bills. During the debate, members across political parties raised several concerns regarding the roll out of the new tax.

Full Story >>

Tripura (Agartala) [India], Mar. 29 (ANI): Tripura Forest Development and Plantation Corporation Limited (TFDPC) today handed over a cheque of Rs 14.26 crores to the state government with a motive to help economic empowerment of rural poor and tribals.

Full Story >>