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Srikanth ஸ்‌ரீகாந்த் Profile picture
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9 Nov, 9 tweets, 5 min read
Yet another gem from @dlai_india

And this is how beautifully self regulation works in India. Yet wonks will advocate SROs
Do you share contacts from phone to recovery agents to do this ? We need answers @dlai_india

Creating #Whatsapp group and adding all contacts to intimate default.

DDoS ing phone / WA from multiple numbers
Abettment to suicide for insurance money. Can you get any lower ?
and these are newer modes. For COVID lockdown related harrassment, refer #OperationHaftaVasooli
When #OperationHaftaVasooli was it at its peak last time, @RBI issued a circular rbi.org.in/scripts/BS_Cir…

This is utterly useless circular as there is a requirement of such information told to consumer and #RBI anyway doesn't do any enforcement.
I did a deepdive into the 'Chinese' fake apps - medium.com/cashlessconsum…

cc @mayavarathaan @itisprashanth
Update : I am being told - most of the disbursements / repayments happen via P2P channel of GPay / PayTM.

So there is that to digital payments growth - A whole set of hawala players using the 'rail' #BullyStack built.

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More from @logic

Srikanth ஸ்‌ரீகாந்த் Profile picture
9 Nov
If only, you don't take away agency in the first place, you don't need to think of restoring agency.
But who made ID linking to school mandatory @SocietalPlatfrm ?
Who met @WorldBank on 13 Oct 2018 ?
Read 7 tweets
Srikanth ஸ்‌ரீகாந்த் Profile picture
9 Nov
What business media covering payments will never tell you about - Is @PayTM - a third party app or not.

Why is this important ? - Because I see, @PayTM being the biggest beneficiary of the recent @NPCI_NPCI circular on #UPI cap
According to @NPCI_NPCI website - PayTM app is by @PaytmBank
According to @RBI webiste, @PayTM transferred its wallet operations from One 97 Communications Limited to @PaytmBank
Read 7 tweets
Srikanth ஸ்‌ரீகாந்த் Profile picture
17 May
#ReadingSession - #Thread on "Report of the Task Force on an IT Strategy for PDS and an implementable solution for the direct transfer of subsidy for Food and Kerosene" - Oct 2011 aka #NandanPDSTaskForce which first mooted the idea of #PDSN. It is important to understand #ONORC
The report is here - dea.gov.in/sites/default/…

Before dwelling in - Note the title - Czar didn't like 'commitees' and hence called whatever he was part of, as - task force - Though no task was done!
Members of committee - All ex-officio secretaries, except 2 from the illegal executive body UIDAI. This was basically done by "#Aadhaar lobby".

May 2020 - theprint.in/economy/modi-g… - Nandan funded media calling 'Anti Aadhaar lobby' in NAC stalled it in UPA era.
Read 35 tweets
Srikanth ஸ்‌ரீகாந்த் Profile picture
31 Mar
In the light on #PMCARES fund, it is important to know / understand how is #PMNRF governed before choosing it as alternative.

There was a case in Delhi HC on applicability of RTI to #PMNRF and the arguments are so revealing about the governance #Thread
The petition asked details about institutional donors (This can then be mapped / linked to lobbying fund / political lobbying)

The contestant - #PMNRF replied -- It is a *private* fund
#PMNRF - No questions in parliament, private fund, no RTI, no CAG audit -- Submissions made by PMNRF in Delhi HC
Read 8 tweets
Srikanth ஸ்‌ரீகாந்த் Profile picture
28 Mar
Why is pmnrf.gov.in not used and a personal branding named fund being used for this? PMNRF has receipt generation, in existance for ages. PM-CARES attempts at profiting out of disaster. #DisasterPayments
But there is more. pmnrf.gov.in/en masks PAN of the fund to XXXXXX 637Q. What is the need for masking a PAN of a fund? Privacy for PM fund?
#CashlessConsumer studied #DisasterPayments and AACTP 4637 Q is the PAN of PMNRF. PMNRF also allows people to download receipts. PM-CARES doesn't have neither, didn't give a PAN for claiming 80G exemption.

docs.google.com/spreadsheets/d…
Read 24 tweets
Srikanth ஸ்‌ரீகாந்த் Profile picture
2 Mar
#CashlessConsumer Following up on consent-less auto fetch privacy violations in #BBPS

#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.

medium.com/cashlessconsum…
In Oct 2018, #CashlessConsumer complained to RBI/NPCI and top fintechs/banks about the privacy abuse in #BBPS for building credit profile database without the consent of individual medium.com/cashlessconsum…
NPCI responded on Nov 1, 2018 with a circular mandating all BBPS ecosystem participants to ensure customer consent for bill fetch and provide opt out of auto fetch provisions and comply with circular in 60 days

bharatbillpay.com/download.php?f…
Read 11 tweets

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