Cashless Economy News
Budget 2020: Finance Minister Nirmala Sitharaman must consider announcement of implementation of proposed Direct Tax Code
One of the major demands of corporates is that the government should replace the dividend distribution tax on dividends with the withholding tax (WHT) on dividends
"If it wasn't for UPI, we wouldn't be where we are right now with digital payments."
The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.
Budget 2018: Mere incentives will not do the trick, needs a clear roadmap to migrate to digital society, say Firstpost panelists
Non-cash transactions spiked when cash was withdrawn from the economy overnight but as the cash returned, growth in digital transactions returned to the pre-demonetisation levels
Electoral bonds: State’s double standard for political parties and common man on right to anonymity is wrong
Electoral bonds are such instrument that they seek to promote cashless political donations since these bonds can be purchased either through cash or cheque.
Cashless economy: Govt hopes 1,800 crore digital payment transactions will take place in 2018 financial year
The scale and value of digital payment transactions underscored how these new forms of payment had reached the masses, govt said
The policy-makers will have to keep in mind that traders and small businesses are already suffering due to GST and demonetisation. They will need handholding in case the government bans cheques
Demonetisation rollout 'deeply flawed', Rs 2,000 notes launch puzzling, says Nobel laureate Richard Thaler
it is clear now that Thaler never supported Modi's drive and even considered it deeply flawed.
IT spending in Indian banking sector to see 11.7% jump to hit $9.1 bn as banks turn to contactless payments
As part of their increased IT spending, top banks in India are investing heavily into contactless payment
Demonetisation anniversary highlights: Congress observes black day; Rahul Gandhi calls note ban a 'tragedy'
Demonetisation anniversary is turning out to be fierce war of words between the Opposition parties and the ruling NDA
Prime Minister Narendra seems to have really believed in the myth that black money is a gigantic hoard of cash, waiting to be raided, says Jean Dreze
One year of demonetisation: Cash comes at a cost, nation moving towards digital economy, says Arun Jaitley
Arun Jaitley said some people have problem in accepting the fact that transactions through the digital mode and banking instruments are going to witness a rapid growth as compared to cash dealings
One year of demonetisation: Onion farmers in Nashik district are struggling to survive in cashless economy
A year after the government replaced high-denomination currency notes with an aim to encourage a cashless economy, onion farmers in Nashik, India’s onion bowl, are finding themselves without money to make essential purchases.
Measures like agile security practices, next-generation authentication and more will have to be there to ensure real-time cyber defence.
Why demonetisation? How govt narrative changed from black money to real estate prices to digitisation
Digitisation was never mentioned as an objective of demonetisation in the first few days
Shift to cashless economy: Demonetisation has indeed boosted digital payments but let’s not over-hype it
There are tasks ahead in India’s digital journey. Mobile connectivity and seamless internet availability remain a problem in rural India
Google has completed the testing of its UPI payment service
Why is the government going ahead with epayments without first putting a regulator into place?
Financial literacy and awareness about digital transactions is paramount in rural India to make the cashless economy a reality, executives of mobile wallet-provider services said here at a panel discussion.