There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
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Paytm making hay
-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...
More »To clamp down on black money, govt set to ban cash transactions over Rs 3 lakh -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The government is set to ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The government, however, is yet to decide on the SIT's other proposal to bar cash holdings over Rs 15 lakh due to opposition from trade and industry, sources told TOI. "There are concerns...
More »Water, water, everywhere, but not a drop to drink — if it’s bottled -M Somasekhar
-The Hindu Business Line Hyderabad: In another push to Prime Minister Narendra Modi’s pet project — Swachh Bharat Mission — the Centre wants to reduce plastic waste by curtailing the use of bottled water at official meetings. The move aims to avoid the use of harmful plastics and promote safe drinking water. Does this mean the ubiquitous water bottles will soon disappear from high-profile meetings and workshops? Yes, if one goes by an...
More »Edible Spoons: Bakeys' Narayana Peesapathy scoops up accolades with his innovative idea -Anu Thomas
-The Economic Times What's on your plate may be good for you. But, what if the plate itself is nutritious? This is not light-headed talk from going too long without a meal, but an idea that sprouted in the mind of a groundwater researcher-turned-entrepreneur Narayana Peesapathy on a flight. As Peesapathy watched a man pick at his lunch with a cracker after he accidentally broke his plastic spoon, he wondered if...
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