innovationinbanking

  Four Labour Codes, One Considered Response: Why I Chose the Code on Wages Government of India invited public feedback on four draft labour codes. I explain why I submitted suggestions only on the Code on Wages, and summarise my concept note on wage transparency and worker confidence. Recently, the Ministry of Labour and Employment , Government of India, invited public comments and suggestions on draft rules under four labour codes . Such consultations matter. They are among the few formal spaces where individual citizens can place thoughtful inputs on record before rules are finalised. After reading through the drafts, I chose to submit feedback on only one of the four codes. This post explains which codes were opened for consultation, why I limited my response to a single code, and the essence of what I submitted. The Four Draft Labour Codes Open for Feedback The consultation covered draft rules under the following labour codes: Code on Wages https://www.indi...

  As 2025 draws to a close, a quiet look at how digital payments became part of everyday life in India — ending the year with trust, not noise. As December 31, 2025 draws to a close, the year does not end the same way for everyone. For some, there are lights, music, and voices counting down the final seconds. Streets glow brighter, screens fill with greetings, and celebrations spill into the night. For many others, the year ends quietly — with a final digital payment . A simple tap , made almost without thought, as city lights soften, shop shutters slide down, and late-night journeys find their way home, carrying with them the trust built over hundreds of ordinary days. Long after the celebrations begin, small moments continue to unfold. A cab slows near a familiar gate. A delivery rider checks his phone one last time before heading back. A shopkeeper tallies the day and switches off the lights. A phone screen lights up briefly in a darkened room. A payment completes, the screen...

  The Quiet Upgrade: How Phase 1 of Continuous Clearing Improved Everyday Banking India’s continuous cheque clearing journey continues. Phase 2 is paused—not stopped—while bank customers already experience the joy of faster, predictable cheque clearing under Phase 1. Over the last few months, bank account holders across India have begun experiencing something they’ve long hoped for: faster cheque clearance , greater transparency, and a smoother banking rhythm. That’s the Joy of Phase 1 of the Reserve Bank of India ’s Continuous Clearing and Settlement on Realisation (CCSR) system — part of the modernization of the Cheque Truncation System (CTS). Phase 1 , launched in October 2025 , brought a fundamental shift in how cheques are processed. Instead of sitting in batch queues and waiting for long settlement cycles, cheques are now cleared continually throughout the clearing session . The result? Faster access to funds, reduced uncertainty, and improved customer confidence. Those ...

  December 28 - On Shri Ratan Tata ’s Birthday, Choosing Restraint A quiet December 28 reflection on Shri Ratan Tata’s birthday — choosing pause over persistence, dignity over urgency, and closing 2025 with calm conviction. On Shri Ratan Tata’s birthday , a citizen chooses restraint over repetition — closing 2025 with gratitude, patience, and respect for timing.   I thought I would be writing an appeal today. I am not. Not because the idea failed. Not because the belief faded. But because something quieter felt more appropriate. Today is the birthday of Ratan Tata — and for once, asking for recognition felt less aligned than practising restraint . What This Year Tried to Do For much of 2025, I held a simple hope: that December 28 might one day be recognised as Visionary Entrepreneurs Day . It did not happen — at least, not yet. And today, I am choosing to stop asking. Some ideas lose their dignity if they are carried forward only by persistence. Some deserve ...

  The wedding invitation was simple. A date. A time. A place. December 22, 1999. 11:34 a.m. It did not speak of forever. It did not predict the years ahead. It only asked for presence. On that morning, we said yes — without knowing how much life would unfold from that moment. Years passed. The world changed. Life grew faster, louder, more demanding. What held the marriage together was not celebration, but continuity — showing up on ordinary days, choosing patience over impulse, learning when to speak and when to listen. Over time, love becomes quieter. It stops announcing itself. It reveals itself instead in reliability , in shared decisions, in disagreements handled with care rather than volume. Twenty-six years teach humility. No one enters marriage fully prepared. You learn by doing. By erring. By adjusting. By choosing to continue even when answers are incomplete. Today, this anniversary feels less like a milestone and more like gratitude — for time, for shared growth , an...