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Why NPCI and Facebook need urgent regulatory attention

-The Economic Times The world’s oldest networked infrastructure, money, is increasingly dematerialising and fusing with the world’s latest networked infrastructure, the Internet. As the network effects compound, disruptive acceleration hurtle us towards financial utopia, or dystopia. Our fate depends on what we get right and what we get wrong with the law, code and architecture, and the market. The Internet, unfortunately, has completely transformed from how it was first architected. From a...

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These people-managed forests are setting new examples in conservation and economy -Debarati Choudhury

-GoIMonitor.com The villagers getting management rights under the Forest Rights Act can inspire others “First came the forest, followed by the people, and then the government. Does this chronology allow the newest entrant in the scheme to determine the relationship between the two older entities? In other words, does the new regime of community forest resource bequeath rights or is it merely a recognition of unalienable rights already vested in the communities living...

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Tiruppur shows how it's done: on controlling industrial pollution -T Ramakrishnan

-The Hindu The court-ordered clean-up in the textile town has managed to mitigate ill-effects of industrial pollution to a large extent. A similar remediation effort, involving the government and stakeholders, is needed in other parts of Tamil Nadu, where groundwater has been so contaminated that farming is not possible anymore On a sunny June morning, two men are spotted fishing close to the Orathupalayam dam in Erode district. A rather ordinary act in...

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Why the Modi govt's move to ditch quarterly jobs surveys to make way for EPFO-based employment data is a mistake India -Dinesh Unnikrishnan

-Firstpost.com The labour ministry has put the Quarterly Employment Survey (QES) on the back burner as it wants to transition to computing payroll data based on Employees’ Provident Fund Organisation (EPFO) subscriptions, based on data from the Employees State Insurance Corporation (ESIC) and the Pension Fund Regulatory and Development Authority (PFRDA), according to this report in The Economic Times. Of course, the EPFO-based jobs data gives one a better picture about the...

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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

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