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Sunday, May 11, 2014

16th Indian LokSabha Elections – ePayments to the fore


            One of the major spinoffs of the 16th LokSabha elections has been the surge in ePayments.
            One variant of the ‘Direct Subsidy Transfer Scheme’ is the 'direct cash transfer scheme' to buy voter loyalty.
            More can be read here.
            The key benefit for the political parties is that the money-trial will be useful to minimize leakages in the chain. Minimization of leakages was the main aim for ‘direct cash transfer’, of government payments/subsides too.
            Another advantage is that the same account details can be used for future elections too.
            As the amounts transferred to individual accounts will be of low-value, automatic tracking of such transfers to ascertain the underlying reasons will be difficult.
            Once the voting results are announced on May 16, 2014, the political parties will have lots of data to analysis on the pros and cons of ‘direct cash transfer’.

            

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