Payment systems
Democracy
Demonetisation
Digital India
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 […]
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Demonetisation
National
Why our area doesn’t seem to be going cashless
Over the last few days, I’ve had many discussions with various people about going cashless. So far, I haven’t met anyone who applied for internet access if they didn’t already have or installed a payment app if they didn’t already have, contrary to reports in media (which may possibly be largely limited to the metros). […]
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National
Politics & Political Commentary
The grand demonetisation jumla
Two nights ago, Modi suddenly appeared on TV and told people that the currency notes for Rs. 500 and Rs. 1000 would not be legal tender after midnight and anyone accepting them did so at their own risk. Then followed information on how how people could deposit them into banks or exchange them for legal […]
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Politics & Political Commentary
Is HDFC Bank letting Justdial steal your money?
27th October, 2016, Navi Mumbai: Here is a real-life thriller. Justdial starts plundering the bank account of an HDFC Bank customer, while the bank acts like an helpless bystander. After the dust settles, the bank tells its customer to go to the police, while it does absolutely nothing to prevent Justdial from robbing other customers. In […]
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