-Scroll.in Both children and their parents need the unique identity number to get admission, receive benefits under the education law. Along the Sagarpur nala (drain) near Uttam Nagar in West Delhi lives a community of grinding stone makers originally from Hardoi, Uttar Pradesh. They say they have lived in the row of shacks along the stormwater drain for over a decade now. But they have no documents to prove this. “No power...
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Gold and note ban: How black money turned white, then yellow -Rajesh Bhayani
-Business Standard Gold imports in January-March 2017 were the most since the same quarter of 2013 January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013. Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone. But for the blip in December, gold imports have gone up significantly following the government’s announcement of demonetisation,...
More »BHIM UPI: NPCI says it won't be responsible for loss or fraud, user fully takes the risk
-MoneyLife.in National Payments Corp of India (NPCI), which is set up as a Section 25 company under the Companies Act 1956 (now Section 8 of Companies Act 2013), and is seen promoting its Unified Payments Interface (UPI)- based Bharat Interface for Money application (BHIM) app, says it should not held responsible for any loss, claim or damage suffered by the user. What is more shocking are the terms and conditions (T&C)...
More »In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
More »Supreme Court ruling on note exchange window in July -Dhananjay Mahapatra
-The Times of India NEW DELHI: If you are still left with scrapped Rs 1,000 and Rs 500 notes, having failed to deposit them in banks by the December 30 deadline, you could hold on to them till July-end. The Supreme Court said on Tuesday it would decide in July whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due...
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