-PTI After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) Machines to encourage online payments Mumbai: The government’s digital payments push, mainly online card payments through point-of-sale (PoS) Machines, may leave already capital starved banks bleed by a whopping Rs3,800 crore annually, warns a report. After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) Machines to encourage...

-The Indian Express On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire population?” Chennai: Blaming the Reserve Bank of India Governor Urjit Patel for “misusing” the central bank to carry out demonetisation which “caused trouble to the common man”, D Thomas Franco, general secretary of All India Bank Officers Confederation has...

-The Times of India BHOPAL: Challenging the Voter Verifiable Paper Audit Trail (VVPAT) Machines, which are used during polling to verify that the vote cast by a person goes to the correct candidate, would land a person in jail, if it is found that the Machine is working fine. The issue has come to light as the election commission is planning to make the people in MP aware of the Machine...

-TheWire.in There a growing chasm between corporate India’s hiring strategy and the aspirations of India’s young workers. The new skill development minister, Dharmendra Pradhan, has a strong track record in digital schemes to deliver subsidised gas to needy households. But he is in for a challenge in the vocational training sector, less amenable to scale economies, woefully dependent on private industry and saddled with the burden of expectations set, first by the...

-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting Machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) Machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have...