-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...
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Jean Dreze, development economist, interviewed by Ankita Virmani (Firstpost.com)
-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...
More »Anganwadi federation seeks clarity on move to replace freshly cooked food
-The Hindu Business Line Asks ministry to define stand on Aadhaar-linkage, cash transfers New Delhi: Coming close on the heels of a 11-year-old girl reportedly dying in Jharkhand as her family did not possess Aadhar cards for rations, the All India Federation of Anganwadi Workers and Helpers Federation said that in many States such as West Bengal, Haryana, Madhya Pradesh and Bihar, departments were directing Anganwadi workers to link the beneficiaries’ Aadhaar...
More »Sophisticated Aadhaar-related bank fraud has left police in Delhi and Noida baffled -Abhishek Dey
-Scroll.in The con involves the fraudulent withdrawal of money from bank accounts of victims with the help of a SIM card, Aadhaar and the United Payments Interface. The police in Delhi and the neighbouring township of Noida are investigating several complaints of fraud in which money was suspected to be siphoned out of bank accounts of victims with the help of a Unified Payment Interface-supported application linked to Aadhaar, the 12-digit biometrically...
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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