-The Financial Express Thiruvananthapuram: Ration shops in Kerala are readying to go the ATM way soon. As many as 14,500 ration retail shops in Kerala will soon be equipped with electronic point of sale (ePoS) machines, which would work as micro-ATMs. The Kerala State IT Mission has been asked to hasten a connectivity survey in rural areas to ensure uninterrupted internet connection, before introducing micro-ATM facility at all fair-price shops. Although the...
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Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Questions on cash goalposts -Jayanta Roy Chowdhury
-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...
More »Route all wages via bank accounts: Govt. -Vikas Dhoot
-The Hindu Industry has expressed concern over the directive New Delhi: The Centre has asked all employers and contractors to ensure that wages are paid to all employees, including casual and contract workers, through cheques or electronic transfers into a bank account. The Chief Labour Commissioner, under the Ministry of Labour and Employment, has also asked firms to get bank accounts opened for all those workers who do not have one already, and...
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