Reserve Bank of 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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benami money laundering aadhaar bank account

How does linking your Aadhaar to your bank account destroy the banking system?

Linking Aadhaar to bank accounts is a recipe for creating benami[2] bank accounts and scaling benami bank transactions. It threatens to destroy your bank accounts and destroy the country’s banking system. It’s devastating that the integrity of banking processes is being destroyed by dividing, outsourcing and privatising processes integral to core banking so that they become the responsibility of no one.

India at 70: democratic accountability is an endangered species 12

India at 70: democratic accountability is an endangered species

Democracies are expected to empower citizens to take genuine control of instruments of the state for their development. At the core of this concept is the idea that citizens will participate in governance at the local level, making decisions for themselves, and vote in representatives to legislatures for higher-level decisions. India is an implausible democracy, …

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RTI right to information

Central Govt’s proposal to amend RTI Rules will increase attacks on RTI users and activists

Dear all, The Department of Personnel and Training, Government of India has invited comments on a new set of Draft Rules (available in English only) to implement The Right to Information Act, 2005. The RTI Rules were last amended in 2012 after a long period of consultation with various stakeholders. The Government’s move to put the draft …

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Signs of impending roll back of demonetisation?

This is just speculation, but drastic changes in the BJP’s propaganda seem to indicate that a rollback of demonetisation may happen. We began with demonetisation being Modi’s special, secret project. The BJP and its formidable social media machinery has consistently defended demonetisation in the face of increasingly grave reports of losses and worse, nationwide. Even …

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