-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...
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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...
More »Motive behind demonetisation is justifiable but there may be collateral damage
There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
More »Government exempts WhatsApp, social media from purview of encryption policy
-The Times of India NEW DELHI: Shortly after a controversy erupted over government's proposal to investigate on every message that an individual will send via WhatsApp, SMS, or Google Hangouts, the Department of Electronics and Information Technology clarified in a draft that social media websites and applications will be exempted from the purview of the Encryption Policy. According to the draft posted by Deity, there are certain categories of encryption products that...
More »No benefits for beneficiaries-Anumeha Yadav
-The Hindu Nearly three years after the government began experimenting with Aadhaar-based payments in Jharkhand, it has not been able to start disbursing payments to beneficiaries at their doorstep Jharkhand was one of five pilot States chosen for an Aadhaar-enabled payment system (AEPS). Beginning with Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) payments in select blocks in four districts in 2012, AEPS added pension and scholarship schemes and the Janani Suraksha...
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