wordpress blog stats
Connect with us

Hi, what are you looking for?

Demonetization Tracker: Show me the (black) money, honey!

demonetization-notebandi-queue-aayush-soni

You should download our Digital Payments report here. No cash needed, because it’s FREE. (but you can patronise our work here).

December 6 (updates from Shashidhar today)

Okay we’re missed a day of updates and are a little late. But fear not. We’ll keep you on top of your demonetization and digital payments news fix.

14:44: Twitter user explains why cashless works well in America and need to move a regime of negative interest rates for going digital.

14:40: The Indian Express reports that banks are facing an acute shortage of POS machines as more shopkeepers have applied for POS machines.

Chairman of Chandigarh Beopar Mandal Charanjiv Singh said, “Because there is less cash, even a small shopkeeper who runs a confectionery store wants a PoS machine. Around 10,000 shopkeepers associated with Chandigarh Beopar Mandal have applied, but are yet to get the machines.”

14:26: Rs 58 lakh in Rs 2000 denominations were seized in Hyderabad and police arrested eight people travelling in a car.

“They came to Hyderabad with the intention of exchanging the new currency with old notes of Rs 1,000 or Rs 500 along with a 25-30% commission to make easy money. Explaining the modus operandi, Deputy Commissioner of Police (South zone) V Satyanarayana said.

Details in Scroll.in

13:24: This is certainly worrying.

13:12: And the situation on the ground is deteriorating every day.

13:04: MP Derek O’Brien gives us updates about life during the demonetization.

12:57: Not even close to done with the series of bad news on the demonetization. The Nikkei India Services Purchasing Managers’ Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October, reports PTI. If the score was above 50, then the services industry is growing else it is shrinking.

12:50: Okay, done with the jokes. This isn’t funny anymore. A daily wage labourer immolated herself in Delhi after she could not exchange six Rs 500 notes despite visiting multiple bank branches. She was driven to helplessness as she couldn’t feed her children. What’s the body count again?

Advertisement. Scroll to continue reading.

12:48: Calvin is truly the journalist we deserve for our times.

12:43: The boys from All India Bakchod are back and it is mandatory for you to watch the video on demonetization whether you agree with it or not.

12:38:We also have data from the UPI for the month of November, another first. The UPI saw over 287,000 transactions from 30 banks. This is still no where close to 59 million transactions from 8 wallet players the RBI has put up. Our report here.

12:22: The RBI has put out provisional data on digital payments in the country. Note that it is not complete and has only debit card transaction details from four banks and eight wallets. Still something better than nothing, I suppose. The RBI said it will be updating this list till the end of December. So keep an eye out.

Advertisement. Scroll to continue reading.

Read our report here.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ