-The Hindu Public sector insurers, oil-marketing firms and others not to take a hit for cashless push The Centre has decided to bear the burden imposed on public sector firms on account of the many discounts and incentives offered to promote digital payments. The plan is to create a new expenditure head in the exchequer’s accounts that will absorb the costs of such measures. Public sector insurers, oil-marketing firms and others will thus not...
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Your neighbourhood ATM may turn into a hacker's paradise -Shelley Singh
-The Economic Times NEW DELHI: The next time you queue up at the ATM for cash—an experience that has become increasingly onerous since demonetisation— it’s not just the long wait that should worry you. There’s a high probability the cash dispenser runs on software Microsoft stopped supporting more than two years back, thus making it vulnerable to hackers. Card details could be stolen—as they indeed were earlier this year--even as you...
More »Oil mills in Modi backyard idle minus cash -Basant Rawat
-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
More »The Street Vendor's View -Arbind Singh
-The Indian Express Unorganised sector is worst-affected by demonetisation. Can banks go to them? An incident in 2000, during my initial years of work, woke me up to an uncomfortable question about post-economic liberalisation India. I was at a meeting with waste-pickers at Digha in Patna and a woman told me of her troubles with a Rs 500 note. She had saved money and changed it into a Rs 500 note, wrapped...
More »The Liquid Alternative: The ultimate antidote to farmers' debt woes - dairying -Harish Damodaran
-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...
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