Payment systems

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 …

DeMonetisation and Digital Payments Read More »

The cashless India jumla as an answer to #demonetisation mess

The government began with focusing on fake currencies and black money as the reason for demonetisation. As deposits started rapidly piling in banks and it looked increasingly unlikely that there was a lot of black or fake money being caught, the goalposts started shifting. Soon it became evident that the supply of legal notes was …

The cashless India jumla as an answer to #demonetisation mess Read More »

HDFC Bank: Abuse of Customer Trust & Fiduciary Relationship

¬†October, 2016: Imagine you are having a gynaec examination. With his rubber-gloved fingers inside you, the gynaec starts a casual chat about why you should buy his home-grown brand of condoms and intimate products. Creepy? Yeah, well, but that’s how HDFC Bank and other private-sector banks work. Actually, HDFC Bank is like if your gynaec …

HDFC Bank: Abuse of Customer Trust & Fiduciary Relationship Read More »

Indian regional languages distribution

Why is the government sabotaging national productivity?

In a country where the penetration of mobile phones is better than toilets and job creation is pathetic, right along with the employability of products of a crippled education system and a government perpetually short on funds for crucial development, one would imagine that encouraging people to do business so that it goes through banks …

Why is the government sabotaging national productivity? Read More »