-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...
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The Throneless...-Uttam Sengupta
-Outlook The faecal matter hits the rotary blades, politically-but we're still staring at a sanitation disaster "Indians defecate everywhere. They defecate mostly besides the railway tracks. But they also defecate on the beaches; they defecate on the hills; they defecate on the river Banks; they defecate on the streets; they never look for cover." -V.S. Naipaul An Area of Darkness, 1964 Not...
More »Escape velocity: Did Harvard dons inspire Rahul Gandhi?
-The Times of India NEW DELHI: Jupiter's gravity could be Rahul Gandhi's flourish, but "escape velocity" is a buzzword in macro economics and empowerment this year, figuring in the title of an influential paper by two Harvard economists studying racial inequality. In "Achieving escape velocity: Neighbourhood and school interventions to reduce persistent inequality", Harvard's Roland D Fryer and Lawrence F Katz examine policies that enable youth to "escape the gravitational pull of...
More »After acquittals, fear haunts Dalit hamlet -Rahi Gaikwad
-The Hindu ‘They are free and we are trapped,' says a resident, as many villagers share her fear that they may be targeted again LAXMANPUR BATHE (BIHAR): On Wednesday night, Baudh Paswan kept tossing and turning in bed, his appetite and sleep gone. "I feel they will come back again," he murmured. As they did on the night of December 1, 1997 and began a killing spree. Armed with firearms and swords, members...
More »Punch in recipient's Aadhaar number to transfer funds
-The Economic Times MUMBAI: Bank account holders can now send money to any individual through mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The transfers can be done using the most basic phones through SMS for small amounts or through mobile banking apps for amounts over Rs...
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