Tuesday August 21, 2018
Home Uncategorized Demonetizatio...

Demonetization Effect: India does have some Wealthy Wives in the Country

The money is saved from bargaining at markets, buying second hand school books and stretching the dough

0
//
273
Indian currency. Pixabay
Republish
Reprint

November 22, 2016: Mothers often stow money. They save the money from the expenditures and hide it away so that the money could be used in emergencies. This is not just an Indian stratagem; women around the world do the same. In Japan, there is even a word for it: “hesokuri” or money hidden in the navel.

Times of India reported a case of Dadar, where a housewife Kavita Kishore saved about Rs. 2,50,000 from the allowances and all the birthday envelopes. Her husband runs a cut piece cloth shop in Dadar. Since last year, for every month, her husband has been giving her Rs. 20,000 for the household expenditures. When they got married 30 years ago, he used to give her Rs. 500 in tens and twenties and told her to keep the change.

NewsGram brings to you latest new stories in India.

The money is saved all these years from bargaining at markets, buying second hand school books and stretching the dough. Last week, she had to dig out all the money stashed in the house and at her sister’s place. Her husband was surprised to see all the money she had saved in all these years.

Although he has promised her that he will withdraw the money whenever she needs it, she believes she will have to start again from scratch.

Women in India despair demonetization because their cash reserves were the funds they kept out of sight of their husbands. Now, they have to forfeit all the money.

Go to NewsGram and check out news related to political current issues

The Japan Times cited a survey last November conducted by a life insurance company. The results were astonishing. The average savings of a woman in Japan was Rs. 7.8 lakh in Indian currency.

South African financial journalist, Sasha Planting, believes there is nothing wrong with a secret stash. She thinks stash is prudent. Keeping it a secret is totally up to the people.

Pamela Gomes, a 40 year old private tutor in Bengaluru, saved about Rs. 32,000 after her husband didn’t approve her buying expensive jackets. She thought that she is an independent woman and she don’t need any lectures when she is contributing her share to the house.

Prepared by Diksha Arya of NewsGram. Twitter: @diksha_arya53

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

Aadhaar Helpline Mystery: French Security Expert Tweets of doing a Full Disclosure Tomorrow about Code of the Google SetUP Wizard App

0
Google Along with Other SSocial Media Giants will Face The Lawmakers, Wikimedia Commons
Google Along with Other SSocial Media Giants will Face The Lawmakers, Wikimedia Commons

Google’s admission that it had in 2014 inadvertently coded the 112 distress number and the UIDAI helpline number into its setup wizard for Android devices triggered another controversy on Saturday as India’s telecom regulator had only recommended the use of 112 as an emergency number in April 2015.

After a large section of smartphone users in India saw a toll-free helpline number of UIDAI saved in their phone-books by default, Google issued a statement, saying its “internal review revealed that in 2014, the then UIDAI helpline number and the 112 distress helpline number were inadvertently coded into the SetUp wizard of the Android release given to OEMs for use in India and has remained there since”.

Aadhaar Helpline Number Mystery: French security expert tweets of doing a full disclosure tomorrow about Code of the Google SetUP Wizard App, Image: Wikimedia Commons.

However, the Telecom Regulatory Authority of India (TRAI) recommended only in April 2015 that the number 112 be adopted as the single emergency number for the country.

According to Google, “since the numbers get listed on a user’s contact list, these get  transferred accordingly to the contacts on any new device”.

Google was yet to comment on the new development.

Meanwhile, French security expert that goes by the name of Elliot Alderson and has been at the core of the entire Aadhaar controversy, tweeted on Saturday: “I just found something interesting. I will probably do full disclosure tomorrow”.

“I’m digging into the code of the @Google SetupWizard app and I found that”.

“As far as I can see this object is not used in the current code, so there is no implications. This is just a poor coding practice in term of security,” he further tweeted.

On Friday, both the Unique Identification Authority of India (UIDAI) as well as the telecom operators washed their hand of the issue.

While the telecom industry denied any role in the strange incident, the UIDAI said that he strange incident, the UIDAI said that some vested interests were trying to create “unwarranted confusion” in the public and clarified that it had not asked any manufacturer or telecom service provider to provide any such facility.

Twitter was abuzz with the new development after a huge uproar due to Telecom Regulatory Authority of India (TRAI) Chairman R.S. Sharma’s open Aadhaar challenge to critics and hackers.

Ethical hackers exposed at least 14 personal details of the TRAI Chairman, including mobile numbers, home address, date of birth, PAN number and voter ID among others. (IANS)

Also Read: Why India Is Still Nowhere Near Securing Its Citizens’ Data?