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Latest News on Digital Transaction
Showing of 0 - 10 from 18 results
Digital Transaction - Total results - 18
Aug 29, 2018
Demonetisation achieved its objectives quite substantially, says finance ministryEconomic Affairs Secretary S C Garg said objectives of the note ban, like checking black money, terror financing, promoting digital transaction and weeding out fake currency notes have been achieved.
Jul 09, 2018
GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removedTo incentivise digital transactions, the GST Council in its last meeting in May had discussed giving a concession of 2% in GST rate (where the tax rate is 3% or more) to consumers making payment through cheque or digital mode.
Jun 27, 2018
Retail lending sees rapid growth in FY18 with loan book rising by 25%, number of accounts by 32%: Cibil dataThe report found robust growth in all consumption lending products consumer durable loans, credit cards and personal loans - during the period under review
Jan 14, 2018
Mobile banking to overtake internet banking as half of the digital transactions are happening on mobile, says ICICIAccording to B. Madhivanan, around half of the digital transactions of savings account are taking place on mobile banking.
Dec 15, 2017
In a big push to 'cashless economy', govt waives MDR charges for digital transactions up to Rs 2,000Ravi Shankar Prasad was briefing the media about the Union Cabinet scrapping MDR for debit card payments and other digital transactions
Dec 14, 2017
Govt to discuss MDR rate issue with RBI, says finance ministry officialThe government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.
Dec 12, 2017
Digital payment transactions increased dramatically; expected to touch 1,800 crore in 2018Alphons pointed out that digital payment system is reaching out to the villages but it needs to reach more people.
Dec 12, 2017
Cashless economy: Govt hopes 1,800 crore digital payment transactions will take place in 2018 financial yearThe scale and value of digital payment transactions underscored how these new forms of payment had reached the masses, govt said
Nov 30, 2017
At HT Leadership Summit, Narendra Modi lauds JAM trinity, says Aadhaar will help govt weed out benami propertiesAt HT Leadership Summit, Narendra Modi says country saw a behavioural change after demonetisation which helped achieve a clean and healthy economy.
Nov 24, 2017
Cheque book ban: No proposal to withdraw facility to promote digital transactions, clarifies FinMinThe clarification comes in the backdrop of reports in a certain section of media that there is a possibility that the central government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions.