This topic is just to exchange the views of all members on the impact of ban on 500/- & 1000/- notes on the agriculture sector.
Overall it seems to be a good & bold step by the PM to curb the black money and the funding to terrorism. Just curious to discuss its impact on our sector.
Price of the agriculture lands - will they go down? Probably more farmers can afford to buy them for pure agriculture purpose…?
Registration of the lands - currently there is a vast difference in the govt value & market value… only the govt value is white and generally the differential value is paid in cash which may or may not be treated as all white… what’s going to happen to this practice now? Will this impact and lead to lesser transactions and lead to lowering of land values in the market?
Payment of labour charges - any better ways? Online transfers - is this feasible?
Revenue on the harvest - I don’t think all farmers have bank accounts and are able to read the bank statements… still most of the farmers are more comfortable in receiving the cash in hand…
… any other thoughts and opinions on these lines and on the above points, please?
Requesting all, especially the senior members of this forum, to share your opinions.