-PTI NEW DELHI: In the next two years, the government today said it will focus on nutritional security of the country's two-third poor population registered with the public distribution system (PDS) under the food law. The food law aims to provide legal entitlement of 5 kg subsidised foodgrains per person every month at Rs 1-3/kg to 23.3 crore registered members. The law was passed by Parliament in September 2013, during the previous...
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Cash is back as digital payments dip on cost -TCA Sharad Raghavan
-The Hindu PoS devices’ demand falls on remonetisation, user charges Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI). The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8. The near-completion of the remonetisation process and merchants...
More »Taking Cognisance of the Deeply Flawed System That Is Aadhaar -Shreyashi Roy
-TheWire.in Aadhaar and its many connotations have grown to be among the most burning issues on the Indian fore today, that every citizen aware of their rights should be taking note of. New Delhi: With the leak of 130 million Aadhaar numbers recently coming to light, several activists, lawyers and ordinary citizens are up in arms about what is increasingly being viewed as a government surveillance system. Keeping this in mind, on...
More »Aadhaar linkage creating hurdles for tribals -Sumit Bhattacharjee
-The Hindu Scope for the middlemen has increased, says IIT professor Reetika Khera In Bandaveedhi village in Paderu in Visakhapatnam agency, 400 residents had gone without the basic food items from the public distribution system (PDS) in April, as the officer concerned had a marriage at home and had no time to switch on the biometric machine that would record the finger prints of the beneficiaries. In Kasimkota, Padma, 70, was sent...
More »Deposit gush: CA Institute bats for special audit -KR Srivats
-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation...
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