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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...

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Govt admits big gaps in urban work force -Basant Kumar Mohanty

-The Telegraph New Delhi: About 57.57 per cent of India's urban population of 300 million has no source of income, socio-economic data released by the government last week suggests, prompting at least one analyst to wonder if this was the reason people were willing to queue up for the whole day to exchange cash. Thirty-seven per cent are engaged in work ranging from begging to government jobs, earning some income. About 5.90...

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Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)

-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...

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No fingers? No monthly ration -ASRP Mukesh

-The Telegraph Ranchi: The Aadhaar-enabled public distribution system (PDS) launched in Ranchi on pilot basis threw up a tragic loophole today when around 50 leprosy patients turned up at their ward councillor's office, saying they had not received ration for the past three months as they lacked thumbs and fingers to verify their biometric identity. The 50-odd leprosy patients, including women, told ward 43 councillor Chanda Devi their very survival was at...

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New real-time RTI through email, SMS: Report

-Business Standard CIC to adopt new software system from next week to enable applicants to receive notifications and updates Citizens will now get real-time updates on any complaints or appeals filed under the Right to Information (RTI) Act, reported the Economic Times on Monday. The report added that the Central Information Commission (CIC) would now function akin to an e-court. How will it work? According to the report, from next week, the CIC will...

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