-Scroll.in Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones. On November 8, 2016 the Rs 500 and Rs 1,000 notes were “demonetised”. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi,...
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A mining fund in Goa could soon give all its residents an equal, regular income -Rahul Basu
-Scroll.in Inspired by a similar project in Alaska, the state may be the first in India to implement the concept of basic income. Tourist brochures frequently describe Goa as some kind of utopia and the Economic Survey – expected at the end of January, a day before the next Union Budget – could go some way in bridging the gap between imagination and reality. The document will discuss the feasibility of implementing...
More »For jute industry in Bengal, it's a clicks-and-mortar weave now -Shiv Sahay Singh
-The Hindu Mill workers being trained to carry out cashless transactions Hooghly: Vijay Bahadur Chauhan, a 57-year-old jute mill worker, is listening attentively to what a bank official is saying. The official of a public sector bank is highlighting how a non-Android phone user, without Internet connectivity, can still carry out cashless transactions. Only a handful of workers at Hastings Jute Mill, one of India’s first jute-making factory, which began operations in 1875,...
More »Passport rules changed to help single mothers, orphaned children
-The Hindu Birth certificates not needed any more; grievances will be now handled on Twitter. In a move to speed up and simplify the passport delivery process, the government on Friday announced a series of steps that would help single mothers, orphaned children, and sadhus obtain passports with ease. Announcing the changes that will relax the need for birth certificates in the application process, Minister of State for External Affairs General (retd.) V.K....
More »Demonetisation and digital transactions will never stop corruption in India. Here's why -Manoj Gairola
-The Economic Times If digital transactions could curb corruption and black money , Kenya would have be en the most transparent co untry in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money Transfer. The value of mobile money transactions and Transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund...
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