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Electronic payment can save 1.6% of India's GDP: WB-Somesh Jha

-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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Ponzi puzzle stumps Amway

-The Telegraph The sudden arrest of Amway India's top brass on Monday has focused the spotlight on the crumbling fault lines and the grey areas in the demarcation between some of the world's best-known direct selling companies and the dodgy Ponzi schemes that promise huge returns to gullible investors and have lately grabbed all the sensational headlines in Bengal. William S. Pinckney, managing director of Amway India, and two directors of the...

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Aadhaar putting India’s poorest on the map-Clive Crook

-Bloomberg   In all likelihood, Nandan Nilekani's Aadhaar will lead the world. Exactly where it will lead, we'll find out People who grew up in Britain in the 1960s will remember a television programme that built a cult following: The Prisoner. It was about an oddly luxurious detention camp-a kind of Guantanamo Bay by Four Seasons, spa services and brainwashing included. Even if you wanted to, trying to escape was pointless. A...

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Soon, pay your traffic challan online -Pradeep Thakur

-The Times of India NEW DELHI: Traffic challans will very soon be paid online across the country and will not constitute a court case. The government has written to all states to make online payment of traffic challans mandatory and the ministry of road transport and highways is likely to issue a directive to take challan cases out of the domain of courts. After the intervention of the Prime Minister's Office, the...

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When machine 'replaced' man as NREGA labourer-Vivek Deshpande

-The Indian Express Yavatmal: Works worth Rs 36 crore were completed in less than four months, supposedly a manual effort under the central employment scheme MNREGS, according to the Maharashtra's forest department. An inquiry ordered by the district collector has found it was made possible by a collusion between forest officials and contractors, who allegedly used machines. Works worth Rs 32 crore were done in only nine of 56 gram panchayats in...

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