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Tag: Economy of India

Amit Shah director of Co-op bank with highest amount of demonetised notes among DCCBs, finds RTI reply

Originally published by The New Indian Express, deleted without explanation. MUMBAI: A district cooperative bank, which has Bharatiya Janata Party (BJP) President Amit Shah as a director, netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received …

Economic Times deletes its coverage of the Cobrapost expose of PayTM

Economic Times had covered the expose of PayTM by Cobrapost in Operation 136, Part II. Subsequently the story was quietly deleted without any official retraction. AamJanata believes that stories silently vanished tell a story of their own, and therefore is republishing the story here. A sting operation conducted by Cobrapost called attention to reports that …

Fake news and the misuse of official statistics

Governments all over the world resort to spin to present themselves in the best possible light. The boundary between gloss and outright lies can often be blurred. Statistical information is the easiest to fudge. The actual numbers may not be fabricated; that would be too obvious. Instead the spin masters use a few standard tricks: …

DeMonetisation and Digital Payments

DeMonetisation did not promote the uptake of digital transactions Driving India towards a less-cash, digital payments economy was one of the aims claimed by the Prime Minister when he invalidated 86% of India’s circulating currency. The reasoning was that India was a largely cash-based economy; if circulating cash was reduced, people would rapidly move towards …