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

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 […]

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2000rs-note-new
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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