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One year after demonetisation, cash is still king -Roshan Kishore

-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments...

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Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' -Sanjeev Choudhary

-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...

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Don't create panic on Aadhaar linking: SC to banks, telcos -Amit Anand Choudhary

-The Times of India NEW DELHI: The Supreme Court eased on Friday the pressure mounted by banks and telecom companies on customers through frequent messages to link Aadhaar with bank accounts and mobile phone numbers and ordered that they intimate people about the deadline for doing so. A bench of Justices A K Sikri and Ashok Bhushan said even judges are not spared from such messages, which the petitioners termed as part...

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Supreme Court refuses interim stay on linking Aadhaar to bank a/c, mobile nos; leaves it for Constitution bench to decide -Amit Anand Choudhary

-The Times of India NEW DELHI: The Supreme Court (SC) on Friday refused to pass an interim order staying the linking of Aadhaar with mobile numbers and bank accounts, saying that it is leaving the issue to be decided on by a Constitution bench in the last week of November. At the same time though, the top court chastised banks and mobile telephone companies for creating panic by sending customers messages saying...

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Five-judge statute Bench to decide on Aadhaar validity -Krishnadas Rajagopal

-The Hindu SC issues notice to Centre on plea challenging mandatory linkage with mobiles The Supreme Court on Monday decided to constitute a five-judge Constitution Bench to hear petitions from November against the validity of the Aadhaar scheme. A Bench led by Chief Justice of India Dipak Misra took the step after Attorney General K.K. Venugopal said falsehoods had been spread about Aadhaar linking. A separate Bench of Justices A.K. Sikri and Ashok Bhushan,...

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