-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...

-Livemint.com Nandan Nilekani, one of the brains behind the Unified Payments Interface, on the near-term challenges of going cashless While the government’s decision to scrap Rs500 and Rs1,000 bank notes has been met with resistance from some quarters and been called too abrupt, Infosys co-founder Nandan Nilekani backed it, saying it was needed to speed up the move to a cashless economy. “There is no question that this is a very bold...

-Livemint.com A World Bank report cautions that the urban poor will bear the brunt of losses if cities don’t become more resilient to natural disasters, shocks, and stresses New Delhi: By 2030, without significant investment into making cities more resilient, climate change may push up to 77 million more urban residents into poverty, said a new report released by the World Bank on Wednesday. The report ‘Investing in Urban Resilience’ by the World...

-The Hindu New Delhi: A group of central ministers led by Finance Minister Arun Jaitley will meet on Thursday to discuss the proposed labour code on wages and the Small Factories Bill, barely two weeks after trade unions led a nationwide strike to express opposition to proposed labour reforms. “The group of ministers will meet on Thursday to discuss the proposed code on wages,” Labour Minister Bandaru Dattatreya said here on the...

-The Times of India Jaipur: They were meant to ease processes and clean up corruption in distributing food grain to the poor. Instead, the e-Point of Sale (PoS) machines have thrown up more problems than solutions. Each of these devices costs roughly Rs 17,000. They are programmed to read fingerprints of those registered to receive subsidized grain, connect to the Aadhaar database over the Internet and authenticate the recipient. Clearly, things aren't playing...