-Hindustan Times The audit also recommended abolishing admission quotas, including those under the discretion of the vice-chancellor; no official reason was given for the audit. New Delhi: The Aligarh Muslim University must abolish separate colleges for male and female undergraduate students, do away with discretionary admission quotas and merge the departments for Sunni and Shia studies, a government-backed audit of the institution has suggested. These are among the top recommendations the audit made...
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Cash still king as digital payments inch up slowly -Rachel Chitra
-The Times of India CHENNAI: If demonetisation was a push for a cashless economy, it has been working very slowly. Reserve Bank of India data shows the usage of wallets, non-UPI banking apps and Aadhaar-enabled payments has been slow to catch on, while that of debit cards has fallen. The UPI payments have been growing, and a significant chunk of them are Mobile-based. Overall, electronic payments stood at Rs 200 trillion in...
More »One year after demonetisation, cash is still king -Roshan Kishore
-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments...
More »Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' -Sanjeev Choudhary
-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top Mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...
More »Don't create panic on Aadhaar linking: SC to banks, telcos -Amit Anand Choudhary
-The Times of India NEW DELHI: The Supreme Court eased on Friday the pressure mounted by banks and telecom companies on customers through frequent messages to link Aadhaar with bank accounts and Mobile phone numbers and ordered that they intimate people about the deadline for doing so. A bench of Justices A K Sikri and Ashok Bhushan said even judges are not spared from such messages, which the petitioners termed as part...
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