-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
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Vanishing Note, Yawning Chasm -Shaji Vikraman
-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...
More »In one stroke, demonetisation has shaken the trust our monetary system is based on -Devangshu Datta
-Scroll.in Even the long-term benefits of the move seem to be outweighed by the heavy costs and disruption it would cause, particularly for the lower income groups. The demonetisation of Rs 500 and Rs 1,000 currency notes came as a surprise to almost everyone. The details of re-monetisation are still to become entirely clear. What follows is a set of personal opinions of likely outcomes arising from this move to demonetise. Each...
More »Kerala govt. website in data gaffe -SR Praveen
-The Hindu Personal data of 1.5 crore PDS beneficiaries laid bare without password protection Thiruvananthapuram: The Kerala government may have compromised the privacy of Public Distribution System beneficiaries, by making available their personal information online. Personal data such as monthly income, electoral card details, consumer numbers of power and cooking gas connections of 1.5 crore residents were published on the Civil Supplies website, throwing open the possibility of misuse by private companies and...
More »Aadhaar mandatory for subsidised LPG -Nitin Sethi
-Business Standard Oil marketing firms to help citizens enroll for unique identity number Subsidised liquefied petroleum gas (LPG) cylinders will now be available only those who have with Aadhaar cards. Those who do not have the unique identity number will be required to enroll for it in order to continue availing the subsidy. After the passage of the Aadhaar law and its attendant regulations, the ministry of petroleum and natural gas notified the...
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