-Down to Earth New laws to regulate sand mining have not had much impact Illegal sand mining is a perennial problem in India. But it assumes gargantuan proportions right before the onset of monsoon because swollen rivers make extraction extremely difficult during the rainy season. To make most of the lean period, mine owners and hoarders try to dig out as much sand as possible, through legal and illegal means, in...
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Transactions on Unified Payment Interface jump 85%, cross 3-crore mark in September -AJ Vinayak
-The Hindu Business Line Mangaluru: The number of transactions on UPI (Unified Payment Interface) platform crossed 3 crore in September. UPI, which is a mobile-only digital payment mechanism from National Payment Corporation of India (NPCI), went live with 21 Banks on August 25, 2016. The latest figures by NPCI indicate a substantial increase of around 85 per cent in the number of transactions on this platform September. The number of transactions on UPI...
More »Stand Up India plan slowing down: Only 6% of bank branches gave loans to SC/STs -Shyamlal Yadav
-The Indian Express In all, the 42 RRBs have sanctioned Stand Up India loans to 536 people — 97 under the SC head, 32 in the ST category and 407 general category women. Three RRBs have not sanctioned a single such loan to general category women. Every bank has been told that it will be your responsibility to ensure that wherever you have a branch, you have to give loans to two...
More »Shaktikanta Das, former economic affairs secretary, interviewed by Sidhartha & Surojit Gupta
-The Times of India Former economic affairs secretary Shaktikanta Das , who played a key role during the demonetisation drive, spoke to TOI's Sidhartha & Surojit Gupta, four months after retiring from service in May. He says he does not agree with the criticism that implementation of demonetisation had serious shortcomings. Excerpts: * What is your assessment on the state of the economy? The macroeconomic parameters, except the growth figures which are down...
More »Sophisticated Aadhaar-related bank fraud has left police in Delhi and Noida baffled -Abhishek Dey
-Scroll.in The con involves the fraudulent withdrawal of money from bank accounts of victims with the help of a SIM card, Aadhaar and the United Payments Interface. The police in Delhi and the neighbouring township of Noida are investigating several complaints of fraud in which money was suspected to be siphoned out of bank accounts of victims with the help of a Unified Payment Interface-supported application linked to Aadhaar, the 12-digit biometrically...
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