-PTI NEW DELHI: To promote cashless transactions in rural areas, the Government will use MNREGA network to train and guide people, Union Minister Narendra Singh Tomar today said. "I will request our officials that following the Prime Minister's advice of promoting cashless transactions we should use our MNREGA network to train and guide people in the rural areas about cashless transaction," Tomar said here at an event to announce geo-tagging of over...
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Three CMs opt out of digitisation panel -Smita Gupta
-The Hindu Only Chandrababu Naidu and Shivraj Singh Chauhan will remain members Bihar’s Nitish Kumar, Tripura’s Manik Sarkar and Puducherry’s V. Narayanasamy have refused the Narendra Modi government’s invitation to join a sub-committee of Chief Ministers on digitisation and cashless transactions. The panel is tasked with suggesting possible ways to ease problems in the wake of the Centre’s demonetisation decision, sources in the Janata Dal (United), the CPI(M) and the Congress confirmed. The panel...
More »Helping India's farmers embrace a cashless economy
-The Times of India NEW DELHI: The government has taken a slew of measures to ensure that cash requirements of farmers are not adversely impacted due to the demonetisation exercise, even as it has urged farmers to join the movement for cashless transactions in the ongoing sowing season. About 50 farmers did their first cashless transaction at the event and bought seeds and fertilisers in the presence of Union ministers. Agriculture Minister Radha...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
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