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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
“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
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
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
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
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
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
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
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
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
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
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
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
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
