-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...
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Punch in recipient's Aadhaar number to transfer funds
-The Economic Times MUMBAI: Bank account holders can now send money to any individual through mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based Remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The transfers can be done using the most basic phones through SMS for small amounts or through mobile banking apps for amounts over Rs...
More »Kerala takes objection to Rajan report
-The Hindu ‘Report goes against the provisions of Constitution' THIRUVANANTHAPURAM: Chief Minister Oommen Chandy will convey to the Centre Kerala's objections to the Raghuram Rajan Committee report on evolving a composite development index of States, during his visit to New Delhi on Friday. The Chief Minister, who left for New Delhi via Bangalore on Thursday, will call on ailing Defence Minister A.K. Antony, hold political discussions with the Congress high command, and meet...
More »15.7 million undernourished people live in developed countries: UN-Gargi Parsai
-The Hindu India's record of reducing hunger not good, admits NAC member Saxena About 842 million people, or roughly one in eight, suffered from chronic hunger in 2011-13, down from 868 million people reported for the 2010-12 period, according to the new State of Food Insecurity in the World, 2013 report released on Tuesday by United Nations food agencies. Interestingly, the agencies observed that while a vast majority of hungry people lived in...
More »Global hunger down, but millions still chronically hungry
-FAO 842 million people undernourished in 2011-13 - Developing countries make progress but more efforts needed to reach MDG target Rome - Some 842 million people, or roughly one in eight, suffered from chronic hunger in 2011-13, not getting enough food to lead active and healthy lives according to a report released by the UN food agencies. The number is down from 868 million reported for the 2010-12 period, according to the State...
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