-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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Despite digital push, government hospitals still in cash mode
-The Times of India NEW DELHI: Despite Prime Minister Narendra Modi's big push for digital payments and cashless transactions post-demonetisation, government hospitals across the country remain woefully unequipped to translate his lofty visions into reality. Despite various state governments issuing directives to state and municipality-run hospitals to promote digital payments, an overwhelming majority of these are yet to install card swipe machines. Last week, the Union health secretary held a meeting on the...
More »Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »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 »Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva
-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
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