-Frontline.in The Aadhaar project’s headlong push towards “total” enrolment of Indian citizens threatens the privacy of individuals on an unprecedented scale, while its patchy biometric system acts as a tool of denial for the most vulnerable. Meanwhile, the UID chugs along, regardless, fuelled by the avarice of private interests who seek to cash in on citizen data. IN the last seven years, the right to privacy of Indian citizens has been...
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Post demonetisation 95% of ATMs re-calibrated, but only 35% of them functioning -Khushboo Narayan
-The Indian Express India’s largest public sector bank, the State Bank of India, has also seen a jump in PoS transactions from 3.5 lakh to 11 lakh a day with more people using debit cards. Mumbai: One month into demonetisation, there has been a significant increase in digital payments. According to AP Hota, managing director and chief executive of the National Payments Corporation of India (NPCI), transactions through RuPay point of sale (PoS) machines have...
More »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 »Polavaram is reaping the Jan Dhan benefit -Gunturi Naga Sridhar
-The Hindu Business Line The scheme has made life easier for the people of this Andhra Pradesh village, one of the first in the state to have 100 per cent financial inclusion. But the local experience also throws up a few questions relevant nationally, reports Gunturi Naga Sridhar Fourty-year-old M Ravamma, from Polavaram, a village in the Krishna district of Andhra Pradesh, had a nightmarish experience two months ago. Her husband complained...
More »Govt mulls universal health insurance -Dilasha Seth
-Business Standard The government is holding talks with states providing cashless health insurance, such as Karnataka, Tamil Nadu and Gujarat After providing life cover and accident cover, the government is now working on a universal health insurance plan. To begin with, it will provide a seamless solution to the existing cashless health schemes in states by integrating those with the Centre's direct benefits transfer (DBT) platform. Later, these would be scaled up. "Encouraged...
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