Keyword : Cashless Economy

This week`s important reads

A number of tribal kids are dying of malnutrition in Palghar district, Maharashtra. Lack of basic facilities like roads, water, healthcare and employment is also not helping.

Stories you must read over the weekend

The time has come for India to announce to the world that India can no longer be transgressed or trespassed with impunity. And there couldn’t have been a more telling way of doing so than by

Demonetising Rs 500, Rs 1,000 note: Who said what

In a bold step, prime minister Narendra Modi on Tuesday announced demonetising Rs 500 and Rs 1,000 notes. He said that the decision will check corruption and black money. The decision has come soon

Demonetising Rs 500, Rs 1,000 notes: Digital payment companies hail PM`s decision

Digital payment companies have hailed PM’s decision of banning high denomination currency notes (Rs 500 and Rs 1,000) as a major step towards cashless economy. “This is t

If elections become cheaper, it is good: Jaitley

While there is no co-relation between scrapping of higher denomination currency notes with elections, but if this move makes poll costs cheap, it is good, said finance minister Arun Jaitley.

Demonetisation will not have a big bang impact: Experts

Prime minister Narendra Modi’s address to the nation on Tuesday evening caught everyone, not just black money hoarders, by surprise. Minutes after the announcement, the news about Rs 500 and

Demonetisation: People queue up at banks, post offices to exchange notes

As banks started exchanging currency notes from November 10 onwards, long queues were seen outside banks and post offices.  

Scrapping notes a blow to fake currency

The government’s announcement to scrap Rs 500 and 1000 currency notes will go a long way towards bringing halt to the circulation of counterfeit currency in the country. The common ma

Demonetisation hits weddings

Anjali Thakur, a resident of Indirapuram, Ghaziabad is getting married on November 15. Her wedding preparations are on full swing. However, as the government has scrapped Rs 500 and Rs 1000 notes,

Your scrapped currency may end up as paperboard

Now that the government has decided to scrap currency notes of Rs 500 and Rs 1,000 denomination, the millions of notes will end up as briquettes that can even be used for land fillings or for makin

Show cause notice to two CAs who spoke of converting black money

ICAI has issued show cause notice to two Chartered Accountants, who were caught on tape talking about converting black money by charging a commission of 30% to 40%. The premier accou

Bank staff bearing the brunt of demonetisation: Union

It is high time the authorities woke up to the “pathetic, gruelling conditions” that bank employees are being subjected following the move to scrap Rs 500 and Rs 1,000 currency notes, s

The really cashless economy

Villages are emptying out, but 67 percent of people still live in rural and semi-rural areas – where there are few banks, where getting to an ATM may take half a day, where many have not seen

Cash Line: Demonetisation woes in Manipur

Demonetisation has been testing the patience of the public across the country. Imphal, the capital of Manipur, is no exception.   

CMAI suggests ways for better implementation of digital economy

Calling demonetisation a bold step by the Narendra Modi government, CMAI association of India noted that the move will help curb black money from the economy and push digital economy.

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

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

Mumbai: Digi Dhan Mela held to promote cashless payment

To promote and generate awareness for digital payments for citizens Maharashtra government organised Digi Dhan Mela in Mumbai on Tuesday. Headed by NITI Aayog and the department of e

Digital literacy awareness programme for senior citizens in Mumbai

A digital education and awareness programme was organised by Centre for the Study of Social Change (CSSC) under union ministry of social justice and empowerment. Principal Advisor,

Deconstructing demonetisation

These days demonetisation is too much with us. It started with the PM’s address on November 8 and ended with the PM’s address on December 31, but its aftershocks are still being felt. I

Budget 2017: Bonus, cash-back schemes to promote BHIM

The government will promote BHIM, its mobile-based payment system, with  `refe

Digital payments are fine, but cash seems here to stay: Expert

If the finance ministry and the RBI are serious about promoting the shift to digitalisation, they’re going to need to increase the incentives and reduce the costs to average citizens, every

Countries are printing more and more of currency: RBI deputy governor

     “As regards death of currency, it is not a new subject. It has been predicted right from early 1950s,” said R Gandhi, deputy governor Reser

Aadhaar as the foundation for cashless economy

On AadhaarPay Today more than 112 crore people have the Aadhaar card. Approximately 40 crore people have linked their Aadhaar numbers to their bank accounts. We a

Zero spread banking

It’s common knowledge that banks thrive on interest spread, the difference between the rate they charge borrowers and the rate they pay depositors. Bank profits hinge on those vital two to fi

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