-The Hindu Business Line Ensuring cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill...
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Demonetisation move leaves farming community shaken -KV Kurmanath
-The Hindu Business Line Scarcity of ?100 notes hits kharif harvesting; decline in demand worsens situation Hyderabad: Ram Singh (name changed), a 45-year-old farmer near Ranjim, a tehsil in Chhattisgarh, stood impatiently in the long queue, waiting for his turn to swap a bunch of old notes for new. “I don’t want the new notes. I’m desperately looking for ?100 notes that I need to pay to the labourers that I have...
More »Paytm making hay
-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...
More »Maneka Gandhi moots nutrition in sachets to combat malnourishment -Raghav Ohri
-The Economic Times Union Minister for Women & Child Development Maneka Gandhi wants to put an end to children consuming empty calories. Instead, she wants them to consume calories rich in nutrition, and her ministry wants to have sachets containing 600-1000 calories of nutrition for children. The plan, brainchild of Gandhi, suggests that the central government will supply the nutrients list and the state(s) can have them made. The sachet will bear...
More »24 high courts have a total of 43% judicial vacancies -Pradeep Thakur
-The Times of India NEW DELHI: The justice delivery system is taking a beating as the Centre and the Supreme Court slug it out over norms for appointment of judges. Andhra leads with 62% vacancy among the 10 high courts with most number of vacant judicial posts. The approved strength of the country's 24 high courts stands at 1,079, of which 464 posts or 43% are vacant. According to the law ministry,...
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