-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...

-The Economic Times Mumbai: As India struggles with demonetization, individuals and businesses are using old currency notes to settle debts while income tax officials are at a loss how to go about imposing 200% penalty -- as announced by a senior finance ministry official -- on such funds flowing into banks. Firms are clearing dues to suppliers, depositing cash in bank accounts to repay old loans, and buying memberships of clubs, SPAs...

-The Indian Express It’s not as if the Centre cannot initiate reforms in agriculture. In fact, in at least three major areas, the onus for leadership and action lies with the Centre. For over a year, there have been news reports of Niti Aayog, the erstwhile Planning Commission’s new avatar, working on a wide-ranging reform package for India’s farm sector. In recent months, teasers have appeared hinting at the Centre’s plans of...

-The Telegraph New Delhi: The government is set to amend the guidelines for a scholarship scheme for tribal research students, linking selections to how they score in the National Eligibility Test that aspiring college teachers need to clear. Sources in the tribal affairs ministry said the proposed guidelines - that might also cap the age of applicants at 33 - could be notified before this month ends. At present, tribal candidates, irrespective of...

-The Hindu New Delhi: As videos of the alleged police encounter of eight SIMI men who broke out of the Bhopal Central Jail continue to raise demands for a judicial probe, a series of Supreme Court judgments show that the law is heavily, even fatally, loaded against police officers found guilty of 'fake encounters'. One of the judgments even recommends death penalty to “trigger-happy” cops and compares them to Nazi war criminals...