-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
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EPFO makes Aadhaar mandatory for its pensioners, members
-PTI NEW DELHI: Retirement fund body EPFO has made it mandatory for its about 50 lakh pensioners and around four crore subscribers to provide either Aadhaar or a proof that they have applied for it till month-end to remain the beneficiary of its social security schemes. "At present it is the correct position that the pensioners as well as members would have to provide Aadhaar or enrolment slips by January 31, 2017,...
More »After demonetisation 479 complaints filed against hospitals: Maharashtra govt -Tabassum Barnagarwala
-The Indian Express Maximum complaints from patients in Mumbai, many had travelled to the city for surgery carrying cash. Mumbai: A total of 479 patients from across Maharashtra have filed complaints of refusal of treatment against hospitals in the state after the Centre’s demonetisation move on November 8. Maximum complaints came from patients in Mumbai, several of whom had travelled to the city for surgery carrying cash. Over 73 complaints against private...
More »Now, pay service charge in restaurants at your discretion
-The Hindu Following several compaints, the govt. has asked hotels/restaurants to prominently display that the service charge in the bill is voluntary. You, as a consumer, have the discretion to not pay ‘service charges’ added to your bill by any hotel/restaurant, according to the government. In a statement issued on Monday, the consumer affairs department asked the state governments to advise the hotels/restaurants to prominently display that “the service charges are discretionary /...
More »Poor swiped out in choice-less, not cash-less, society -Aruna Roy and Nikhil Dey
-The Indian Express For the poor, with little cash in the first place, digital promises to ‘swipe’ them out, before their marginalisation is even addressed. Demonetisation is, by its very nature, an autocratic, coercive step. The demonetisation of November 2016 has affected every single Indian. We are, as usual, persuaded to bear the pain and suffering, to “sacrifice” for the nation. The rhetoric continues but it now seems clear that the objective...
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