Note ban: Kerala shuts down, protests held across India

November 28, 2016

Bengaluru, Nov 28: Normal life was hit in Kerala on Monday as the ruling CPI-M led LDF sponsored 12-hour strike against demonetisation evoked a near total response. Shops and business establishments downed shutters and state-run KSRTC and private buses kept off the roads across the state in response to the strike which began at 6 AM.CPI-M

The Left Democratic Front took out marches at various places with state CPI-M Secretary Kodiyeri Balakrishnan here attacking the Centre for causing 'hardship' to the people in the name of its crackdown on blackmoney.

The Opposition Congress-led UDF, which did not participate in the hartal, took out a march to the Raj Bhavan instead to register its protest against the Centre's decision to scrap high value notes and consequent crisis in the state's cooperative sector. The UDF protesters were arrested, police said.

Banks functioned with reduced staff strength, while attendance in the state Secretariat and various government offices was thin, reports received here said. Two wheelers and private cars were seen plying, while autorickshaws too kept off the roads at most places.

With the Sabarimala pilgrim season on, Ranni, Chittar, Seethathode panchayats in Pathanamthitta district and Erumeli panchayat in Kottayam district have been exempted from the strike as also Tripunithura and Chottanikkara in Ernakulam where local temple festivities are on. Tourist vehicles have also been exempted from the hartal. Police vehicles helped in transporting railway passengers and patients coming from far off places to the Regional Cancer Centre here.

Karnataka

Joining the nation-wide 'Jan Aakrosh Diwas' against demonetisation of high value currency, ruling Congress in Karnataka held protests and rallies throughout the state against the Narendra Modi government's action. The protest affected the functioning of both the Houses of Karnataka Legislature, now in a 10-day winter session at Belagavi, as they did not sit today in line with the decision taken by the Business Advisory Committee (BAC).

BAC had decided to suspend the sitting amid opposition by BJP, which walked out of the meeting on Friday. Life in Bengaluru and elsewhere remained normal with commercial establishments, educational institutions, banks and private offices working as usual and public transport and Metro maintaining their regular services.

Official reports said barring protests by Congress, the situation in the entire state, including the districts of Mysuru, Gadag, Haveri, Belagavi, Kalaburgi, Chamrajanagar, Dharwad, Uttara Kannada and Kolar, was normal. In Bengaluru, Congress staged a demonstration in front of Town Hall near City Market at the nucleus of the city, where State Working President R Gundu Rao, a few legislators and local leaders took part.

Andhra Pradesh

Opposition parties organised widespread protests across Andhra Pradesh against the Centre's demonetisation move but no bandh as such was observed in the state even as leaders of CPI and YSRC were detained at some places following demonstrations. Congress's state unit president N Raghuveera Reddy led his party workers in a protest rally from Andhra Ratna Bhavan to Lenin Centre.

"We are not against the scrapping of Rs 500 and Rs 1000 notes but why did the government introduce Rs 2000 note," Raghuveera said. He said the common man was put to untold misery because of the "abrupt" decision of the Centre to ban the high denomination notes. CPI state secretary K Ramakrishna and others were taken into custody at the Lenin Centre where they staged a protest on the demonetisation issue.

In Tirupati, YSR Congress leader Bhumana Karunakar Reddy and others were taken into custody. In Guntur city too YSRC leaders, led by West MLA Mustafa, were detained by police following a protest rally. YSRC leaders and workers were also taken into custody in many other districts of the state where protests were held. Left-affiliated trade unions organised dharnas in front of many bus depots of AP State Road Transport Corporation in the state.

Bihar

The nationwide strike call against demonetisation evoked mixed reaction in Bihar where workers of RJD, Congress and Left parties disrupted train services at many places but offices and schools registered normal attendance.

The protest had its echo in both Houses of the Bihar legislature where legislators of Congress, RJD and CPI-ML raised slogans against scrapping of Rs 1,000 and Rs 500 notes.

BJP legislators countered them by raising slogans against them and in favour of demonetisation.

JD(U), a member of the ruling alliance, kept away from the stir in view of Chief Minister Nitish Kumar's consistent support to demonetisation of high value notes to fight black money in the economy.

Congress, RJD and CPI-ML took out a protest march on the streets of Patna and stalled traffic movement at some places.

Road traffic was, however, normal and attendance in offices, banks and schools and colleges remained by and large unaffected.

Train services were hit at Darbangha, Madhubani, Masauri in rural Patna, Ara, Jehanabad and other places. Chief Public Relations Officer (CPRO) of East Central Railway Arvind Kumar Rajak said running of more than a dozen trains was disrupted in different parts of Bihar due to the stir.

In Darbhanga, Ara, Masaurhi and Madhubani, CPI workers squatted on railway tracks.Outside Bihar Legislative Assembly and Legislative Council, bandh supporters from RJD, Congress and CPI-ML, holding placards in their hands, shouted slogans at the entrance gate.

Haryana and Punjab

Opposition parties including Congress today staged a protest against the government over demonetisation issue at many places in Haryana and Punjab as part of the 'Jan Aakrosh Divas' observed across the country, even as normal life remained unaffected. Raising slogans, they demanded steps to ease the problems being faced by the people due to the demonetisation drive.

In Hisar, a large number of Congress activists took out a procession. They gathered outside Nagori Gate and later marched out in various bazaars (marketplaces). Jaipal Lali, Vice President of Haryana Pradesh Congress Committee and other party leaders alleged that "demonetisation is a political move which is being sold as a fight against corruption".

'Jan Aakrosh Divas' rally was also addressed by various other Congress leaders who claimed that economic activities have come to a standstill since the scheme was announced.

Haryana's main opposition Indian National Lokdal (INLD) today submitted a memorandum to district administration in Hisar, with the party claiming that Rs 500 and Rs 1000 notes "were scrapped to cover up the government's "failure" to deliver on Prime Minister's promise of bringing back black money." In Fatehgarh Sahib, most of business and educational institutes remained open as usual.

In Punjab's main industrial town Ludhiana, shops, factories, local and other means of transport functioned normal. However, a protest rally was taken out at clock tower chowk by the Congress. A group of Congress workers raised slogans against the Narendra Modi government.

Surinder Dawar, MLA and Gurpreet Gogi, President Ludhiana District Congress committee addressed the protesters. In Ropar district of Punjab, the Congress and the Left parties today took out separate protest march. The District Bar Association members also abstained from work.

The Congress march was led by Ropar DCC president Vijay Kumar Tinku and Charan Singh-- Secretary of CPI led the protest march of his party. All business establishments remained open.

Comments

Ansari
 - 
Monday, 28 Nov 2016

DemonEtization is a scam . TO EVADE hIGH PROFILE tAX EATERS .....Who helped MODI to win election....its time to repay....but at the cost of common Man's life ?

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News Network
March 30,2020

Mangaluru Mar 30: The Mangaluru South Police has registered a criminal case against a man over a 'derogatory post' against the district administration. According to DC Sindhu B Rupesh, the man identified as Melwyn Pinto had sent a derogatory message on WhatsApp.

She warned on taking stringent action against miscreants who are spreading false information and rumours about district administration under DM Act provisions.

Meanwhile, City Commissioner of Police Dr P S Harsha said, "We have noticed people going around on merry rides without purpose either on two-wheelers or in cars during the lockdown period."

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Agencies
February 6,2020

Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma.

"While cashless economy is not possible in India, less cash economy will be in the future. Less cash is the only solution, not the elimination of cash," Sharma told IANS in an interview after unveiling an all-in-one payment gateway on Tuesday.

Asserting that it would take 5-10 years for India to make the transition to digital payments from the traditional mode of cash, Sharma, 41, said the e-payment industry benefitted more from the November 8, 2016 note ban and withdrawal of old Rs 1,000 and Rs 500 denominations.

"I think it (demonetisation) helped the industry despite lack of specific help. But the world has changed since then. It is about the scale of distribution of merchants that is what is propelling digital payments," said Sharma.

Most of the cash not only came back into circulation, but also remains as the mode of payment for the majority due to its convenience for the people used to such transactions.

Expounding Paytm's zero service charge, Sharma said the strategy is sustainable as it leads to acquiring more customers and merchants, enabling newer business opportunities.

Paytm also does not levy a service charge to small merchants for its payments services, unlike organised players like Uber.

"Though there is a monetisation model, the merchants who are small shopkeepers, become our financial services customers as they open a bank account, which is profitable."

Paytm secured a Payments Bank license from the Reserve Bank of India to offer a savings bank account, Rupay debit card and money transfer services.

"We are banking on payment services acquiring customers and merchants who avail banking, lending, insurance, wealth and software services like billing software and business ledger software services eventually," Sharma noted.

The mobile first bank services include zero balance and zero digital transaction charge accounts.

"Basically, payments, cloud, commerce and financial services are a cohort we follow. So, payments is our customer as well as merchant acquisition. If it breaks even, we are happy because other line items make more money, he affirmed.

Noting that in a market like India, one cannot price services at a premium unlike in a developed country like the US, the billionaire businessman said a consumer in a developing country would not be able to afford such a hefty charge.

Forbes ranked Sharma as India's youngest billionaire in 2017, with a net worth of $2.1 billion.

While several countries operate on the model of higher service charges, Sharma said newer business models have to be discovered in India, as customer lifecycle value is accounted for more stages than in other nations.

Asked about an upscale retailer like Zara not giving a wallet payment option during its recent end of season sale in Bengaluru, Sharma said Paytm was addressing such hiccups with its all-in-one payment solutions.

"It's an opportunity, because if the retailer has our all-in-one point of sale machine, where in they enter the amount, it shows both the Quick Response code (QR) and card payment options," he observed.

Sharma compared older swiping payment machine to feature phones and modern ones to feature-rich smartphones.

"If you notice, they look like feature phones and the modern day card machine is more a smartphone like. You can add the smatphone components, which can add the features," reiterated Sharma.

Though Paytm's all-in-one QR point of sale machine integrates the billing system, its chief executive said it was not ideal to have an independent QR feature.

Paytm has 16 million strong merchant user base, which Sharma aims to raise to 26 million base in the next one year.

Sharma has launched in this tech city an all-in-one payment gateway and Paytm Business Payments solution, which enable digital payments through multiple methods for small and medium enterprises (SMEs) and an Android point of sale machine.

With the new gateway solution, collecting digital payments through multiple methods can be achieved seamlessly while Paytm Business Payments solution enables automated vendor payments, including employee salaries and customer refunds among others.

The One97 Communications-owned Paytm aims to help SMEs streamline and digitise their business activities using its new solutions, which enhance the overall efficiency of both accepting and making payments.

Paytm has a data bank of over 200 million saved cards and bank accounts, a feature which enables partner apps to shorten transaction times and propel faster conversions while using the all-in-one payment gateway.

Complementing the two solutions, Sharma also launched an all-in-one Android point of sale machine, which can accept payments through all forms such as cards, wallets, UPI apps and even cash.

The device has a QR code that supports all contact and contactless payments, coming with integrated billing software customized solutions for different sectors such as catering, ticketing, parking and others.

The handheld Android device is equipped with an in-built printer, scanner and can also generate bills.

Valued at $16 billion, Paytm is not alone in the fiercely competitive Indian fintech space where a dozen players like PhonePe, MobiKwik, Kotak 811 and deep pocketed international giants Google Pay and Amazon Pay are in the fray.

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News Network
May 11,2020

Mangaluru, May 11: Hundreds of migrant labourers today gathered at a service bus stand in Mangaluru to return to Uttar Pradesh and Jharkhand.

They were working in different parts of Dakshina Kannada and remained stranded without a job after the announcement of lockdown.

Labourers said that they have not registered with Seva Sindhu portal to avail pass for travelling outside the state.

Though all the people who gathered wore a mask, the physical distancing norm was not followed.

Already three Shramik trains from Mangaluru had left for Jharkhand, Uttar Pradesh and Bihar with nearly 3,500 stranded labourers in the last two days.

The gathered labourers are anticipating that they would be allowed to travel to their destinations in the Shramik trains that will leave in the evening from Mangaluru.

The doctors and paramedical staff who have arrived the spot are checking the health of the labourers before allowing them to travel to the railway station.

The cost of a ticket to Uttar Pradesh is Rs 1,040 per person (which includes bus fare from service bus stand to railway station, food and water bottle).

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