As soon as the demonetisation of Rs.500 and Rs.1000 notes was announced, I had said that it was a forced and public funded “bailout” of banks. This article examines news reports from the last year and explains how I arrived at the conclusion.
Here is how the #demonetisation is a forced, public funded bailout of banks Read More »
The Osmanabad District Cooperative Bank Ltd, has started sending notices to farmers with outstanding loans asking them to repay the loans or the bank would take socially humiliating measures against them. So far over 30 farmers in Nagur alone have received these notices; in the Lohara taluka, over 1000 farmers. The notices are dated 14th October 2016, however the farmers claim that they received them on the 23rd November 2016 (the notices are likely backdated, essentially rendering the one month notice meaningless). The farmers have been informed that unless the loans are repaid, they will begin to face recovery process in December.
Extortion of inflated loans from farmers during #demonetisation Read More »
While there is no denying that in a country like India, there is a need for identification that people can create easily and use nationwide, the Aadhaar card project goes
10 big problems with the Aadhaar UID card project Read More »
