-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...
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Issues concerning Aadhaar linkage with SIM 'will be clear by Dec 1' -S Ronendra Singh
-The Hindu Business Line It is in customers’ interest to link the mobile number with the UID: DoT Secretary New Delhi: The government has said that by December 1, people will be clear on what options they have for linking their Aadhaar with mobile numbers, and even for senior citizens, there would be options to do re-verification at home. “What we have told the TSPs (telecom service providers) is that within the next...
More »Job scheme funds frozen -ASRP Mukesh
-The Telegraph Ranchi: Over six lakh people engaged in jobs under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in Jharkhand have not got their daily wages since September 15, the backlog on Tuesday standing at an estimated Rs 155 crores, making it a dim Diwali for the state's poorest. The onus of this lies on Jharkhand as the Centre has withheld funds as the state government has not yet handed...
More »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 »Digital transactions rose 13.5% to Rs.124.69 tn in September: RBI -Komal Gupta
-Livemint.com Digital transactions rose 13.5%—from Rs109.82 trillion in August to Rs124.69 trillion in September, the second highest for a month since the demonetisation exercise New Delhi: Digital transactions in September rose to the second highest monthly level by value since the government’s demonetisation exercise in November. Transactions through digital means rose 13.5% to Rs124.69 trillion in September from Rs109.82 trillion in August, according to provisional data released on Wednesday by the Reserve Bank...
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