Keyword : Cashless

India must become cashless by 2025, says Amitabh Kant

India must aim to become a cashless and paper-less society by 2025, otherwise it will be difficult to reduce costs of transactions, said Amitabh Kant, CEO, NITI Aayog. Kant showed a

Case against cash

Can you imagine a day without cash? The answer is an obvious ‘no’. The rustle of notes and jingle of coins still have the power to light up any face. In fact, more than 99 percent of tr

UPI can be critical component for cashless initiatives

In April, former Reserve Bank of India (RBI) governor Raghuram Rajan launched united payment interface (UPI), a payment technology product by National Payments Corporation of India (NPCI), an umbre

Is India headed towards becoming a cashless economy?

Prime minister Narendra Modi’s dramatic Tuesday evening announcement to scrap currency notes of Rs.500 and Rs.1000 denomination is aimed putting an end to the grey economy,

Digital wallet companies give thumbs up to demonetization

 Digital payment companies have showered praise on prime minister Modi for what they described as a bold decision to scrap currency notes of Rs 500 and Rs 1,000 denomination. Some na

Demonetisation: Stories and reports you must read

While you are in queue to get your cash replaced at banks and post-offices or awaiting your turn at ATMs, we present a quick reading list that might give you certain idea on demonetisation, bla

How to live cashless in this cash crunched economy

 Demonetisation has taken the Indian economy and social media by a storm. We are all facing much inconvenience due to shortage of cash in hand. Hence, we need to find more ways to survive with

Demonetisation is a regressive and anti-poor measure: KC Chakrabarty

Dr KC Chakrabarty, former deputy governor, Reserve Bank of India, headed currency management at the central bank before taking premature retirement in March 2014. Known for his frank an

Demonetisation: Revised income tax returns may be scrutinised

If you are planning to file a revised income tax return following demonetisation, then be warned. The income tax department will be looking out for manipulation or fudging and such cases may be tak

Steps have been taken to tackle black money: Amitabh Kant

The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday. Addres

Demonetisation severely imperilled India’s economy: Harvard Business Review

India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it, said an article: ‘India’s Botched War on Ca

Two counts of failure

The Indian government has audaciously put the demonetisation show on the road, though with little consideration of infrastructural, banking and connectivity back-up. After making his own set of pol

Demonetisation: Rule changed yet again

One thing consistent about demonetisation has been the ever-changing rules. Monday saw a new rule in place. One can now deposit the scrapped currency of Rs 500 and Rs 1,000

Are we ready to go cashless?

Anya Shankar, a resident of Delhi, became nervous when her Paytm passbook went blank. A message from the company popped on her screen saying it was a “temporary glitch”. “Because

Demonetisation impact on formal remittances could be significant: Expert

The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo

Hulkonomics and the 2D effect (Or how I learned to stop worrying and love demonetisation)

A close friend, stock market wizard and intellectual sparring partner, also a Marvel Comics and Stan Lee fan, has been keenly following the demonetisation debate in media and elsewhere. &ld

Demonetisation hits handicraft business at Rann Utsav

Mangal Bhai Rama Harijan is a craftsman from Kawada village, 50 kilometres from the Great Rann of Kutch in Gujarat, the place where India’s most prominent cultural festival takes place every

PSUs are in direct competition with private sector: Ram Vilas Paswan

Public sector today plays a big role in the economy and it is in “direct competition with the private sector”, said Ram Vilas Paswan, union minister of consumer affairs, food and public

Demonetisation is a major driver that is forcing people towards digital payments: Nasscom president

From demonetisation’s impact on the digital economy to the growth of IT industry in the Trump era, NASSCOM president R Chandrashekhar shares his views with Taru Bhatia.&n

IDFC Bank launches Aadhaar Pay

 IDFC Bank has announced the nationwide launch of IDFC Aadhaar Pay, India’s first Aadhaar-linked cashless merchant solution that uses a retailers’ own android smartphone to enable

Critical part of remonetisation already behind us: Jaitley

“Assessment can be unreal but revenue is real. And therefore many of these indicate that now with the critical part of the remonetisation already behind us, and there being significant impact

The year that was

2016 was a year that kept India on the edge. The dramatic decision to scrap Rs 500 and Rs 1,000 currency notes was like a bolt from the blue, forcing people to stand in serpentine queues at banks a

Review, comparison and step-by-step guide on BHIM app

Transferring and receiving money in banks was not easy until the launch of united payment interface (UPI)-based mobile banking, a product of national payments corporation of India (NPCI), a governm

BHIM app crosses one million downloads

The BHIM app has crossed a million registered users on Tuesday. The smartphone application for digital banking is available for Android phones and will soon be available for iOS users within a mont

Govt must not renege on the commitment made on November 8

People may recall the passionate justification that prime minister gave on November 8 when he announced the decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination. The entire cou

Paytm Payment Bank to be in operation from January 15

If you have a Paytm account and there is money in your wallet, then soon you can get interest on your money. The statement came from the Paytm’s blog post, in which the company announced th

Demonetisation and digitisation as nation-building

India is in the midst of a revolution. Demonetisation has impacted every family, business and institution, providing popular support to transform society, economy, polity and governance. To get the

How much cash political parties had pre-DeMo

While none of the political parties have so far volunteered detailed information about how they coped with the demonetisation-remonetisation drive, the audit reports for the financial year 2015-16

Walking the last leg

For long, residents of Sultanpur village would travel 17 kms to the district office in Raj Nagar, Ghaziabad, if they needed to get birth, death or caste certificates or PAN or ration cards. If thes

Internet, unto the last

Like millions of social media addicts, Shahnaz, who cooks in people’s homes for a living and lives in Gautampuri, Delhi, loves WhatsApp. Hopping from kitchen to kitchen, she likes to stay in

No cash, please!

Bindu Ben, 41, is a famer by profession. She runs a grocery store in the Gujarat Narmada Fertilizer Corporation (GNFC) township in Bharuch district and transacts only through Paytm – an elect

Fundamental shift under way in payment habits: RBI document

A fundamental shift is under way in payment habits of the Indian economy, said a RBI document that looked at the impact of demonetisation. RBI’s interventions on promoting elec

Dry ATMs: Rahul takes a dig at govt

As media reports spoke of ATMs across the country going dry, Congress leader Rahul Gandhi took a dig at the government even as the finance ministry reviewed the situation and blamed it on “un



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