The outcome of a social audit (conducted in April this year) related to the pilot cash transfer programme in the public distribution system (PDS) in Nagri block (Ranchi district) has confirmed that most beneficiaries want back the normal ration system that existed previously. Yet the Jharkhand state government continues with the DBT-based PDS in Nagri block, instead of returning back to the older system, says a press release by the...
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Enroll at least 16 persons for Aadhaar daily or face salary cut: Public sector banks tell staff -Kanu Sarda and Anuradha Shukla
-The New Indian Express The New Indian Express has reliably learnt that many PSU banks have warned their employees of coercive action, including salary cuts, if they fail to enroll a minimum of 16 persons a day for Aadhaar. NEW DELHI: Though the jury is still out on the need for Aadhaar, public-sector banks are taking extra pains to ramp up enrolment, as dictated by the Ministry of Electronics and Information Technology...
More »No demand for Electoral Bonds of smaller denomination -Rakesh Dubbudu
-Factly.in There was an intense debate around the introduction of electoral bonds by the government. Data obtained from SBI reveals that there is hardly any demand for electoral bonds of smaller denomination while 99.9% of bonds sold in terms of amount are of Rs 10 lakh & Rs 1 crore denomination. The Electoral Bonds were first announced in the 2017-18 budget and the scheme was subsequently notified in January 2018. Factly...
More »India's cash crunch: Six steps that led to the currency shortage 16 months after demonetisation -M Rajshekhar, Mridula Chari, Abhishek Dey, Vinita Govindarajan & Arunabh Saikia
-Scroll.in Scroll.in reporters fanned out across the country to uncover the reasons for the crisis. India’s current cash crunch is a real enigma. To begin with, there is its sheer unprecedented nature. In all the years since Independence, India has never seen something like it. “We have heard of coin shortages but never a cash shortage,” said MS Sriram, visiting faculty at the Indian Institute of Management-Bangalore’s Centre for Public Policy. “I...
More »Demonetisation 2.0: cash crunch hits farmers, again -Banjot Kaur
-Down to Earth More than creating financial crunch for upcoming sowing season, cash crunch is impacting the prices at which farmers are selling their produce While the Union government is promising that cash crunch in the market would end soon, the farmers have already started feeling the pinch badly. The fears of demonetisation have come back for them. They are in soup because not only is this the harvest season, but also...
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