-PTI NEW DELHI: With the usage of micro-ATMs and POS counters witnessing a sharp surge post demonetisation, the country's premier cyber security agency CERT-In has cautioned customers, bankers and traders against skimming and malware attacks on these systems and asked them to adopt high-end encryption to plug possible breaches. The CERT-In, nodal agency to combat hacking, phishing attacks and to fortify security-related defences of the Indian Internet domain, has issued two specific...
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Barter is the best bet for a few tribals here -Santosh Patnaik
-The Hindu To overcome currency shortage at weekly markets, they are Banking on the age-old practice CHAMPAGUDA (VISAKHAPATNAM DISTRICT): “What will we do with the Rs.2,000 note, which is a very big amount for us? As we don’t know how to exchange the demonetised note of Rs.500 in banks, we exchange it for Rs.400 from middlemen (called sahukars) in shandies (weekly markets),” says Kinusudi Kamala. She is among the many tribal women who...
More »Imposed only reasonable restrictions, govt. tells SC -Krishnadas Rajagopal
-The Hindu Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy Curb on money transactions, including withdrawals and wedding expenses, are “only reasonable restrictions” imposed on the rights of the public for a limited time, the government said in its latest affidavit. “Cancellation of legal tender of Rs. 500 and Rs. 1,000 notes is only a reasonable restriction and regulatory in nature. Merely because there is a restriction on...
More »Demonetisation and the economy: Signs of distress everywhere -Ankur Bhardwaj
-Business Standard Indian economy is showing signs of distress all around and economists are not off the mark in their assessment When Prime Minister Narendra Modi addressed the nation on November 8 and announced his government’s big move to tackle black money, currency counterfeiting and terror funding by banning old currency notes of Rs 500 & Rs 1,000, there were murmurs of protest. Since then, economists like Amartya Sen, Kaushik Basu and many...
More »Opposition raises RBI hole in House
-The Telegraph New Delhi: The Opposition today sought to nail the government on a technicality: not one of the 30-and-counting notifications issued by the finance ministry and the RBI on demonetisation has been tabled in Parliament. The issue was flagged by the Congress's Anand Sharma in the Rajya Sabha. He said tabling the RBI's notifications was mandatory according to a decision of the committee on subordinate legislation. In case of notifications issued...
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