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No Direct Benefits Bank Transfer For Poor In Jharkhand

The Direct Benefits Transfer pilot for subsidised foodgrains in Nagri block has, ironically, led to a quantum jump in cash transactions, inconveniencing beneficiaries and dealers as also putting enormous pressure on banks, even as 25% people still remain excluded. The introduction of any new system is bound to have some …

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Dropping The Idea Of Islamic Banking In India Will Leave Millions Shortchanged

In India, there is an unmet market need for such products. Why can’t it come in the category of another financial product aimed at a niche audience? There is an air of finality and inevitability to the Reserve Bank of India’s (RBI) recent decision to rule out introducing Islamic banking …

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Why ATMs Are Dying In Cash-Obsessed India?

The ATM industry in India, where a large portion of the population is still struggling for banking facilities, may be in a rut. Up to 1,782 ATMs across the country were shut down between May and November 2017, Reserve Bank of India (RBI) data show. This is the first time …

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Now, Ladies & Gentlemen, Presenting, Our Own – The ‘Made In India’ Bitcoin ‘Lakshmi’

Websites promoting desi bitcoins in the garb of ‘Make in India’ initiative; Delhi Police receives 8 complaints in a month; people duped of crores of rupees. Suspected fraudsters in India have come out with desi versions of bitcoin, a cryptocurrency used globally, and duped people of crores of rupees, police …

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Bitcoin, Litecoin, Ethereum Slump: Why The Cryptocurrency Market Lost Heavily?

The cryptocurrency market is suddenly awash in red. Within 24 hours of CoinMarketCap, a leading global index of digital currency prices, adjusting its listed data by removing a group of Korean cryptocurrency exchanges from its price calculations, total market capitalization crashed by more than $150 billion. All the top 10 …

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Why Is The Bad Smell About Life Insurance In India?

The very high front incentives are triggering massive mis-selling and fraud in life insurance. I worry that as the unbanked now get into the formal financial system, we are setting them up for financial disaster. A recent story reports on mis-selling and fraud by a bank in rural Rajasthan where …

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How The ‘Electoral Bonds’ Works In A Transparent Process?

KhabarLive outlines the new scheme, recalls past attempts at election funding reform in India. The idea of electoral bonds, the government has said, is to evolve a transparent system of political funding. In a Facebook post titled ‘Why Electoral Bonds are Necessary’, Finance Minister Arun Jaitley Sunday defended the scheme …

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