Latest News on Digital Transactions
Showing of 0 - 10 from 93 results
Digital Transactions - Total results - 93
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Nov 10, 2018
Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry
Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well. -
Nov 08, 2018
2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun Jaitley
Demonetisation is a key step in a chain of important decisions taken by the Government to formalise the economy. The Government first targeted the black money outside India. Asset holders were asked to bring this money back on payment of penal tax. -
Oct 22, 2018
UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform
With the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries -
Oct 12, 2018
RBI directive on data localisation: Though security agencies back move, govt may take a lenient view
The US companies are working on twin policies of threat and dialogue to wriggle out from the RBI mandatory regulation on data localisation. -
Aug 14, 2018
Contactless payments: A step in right direction can help govt meet ambitious 30 bn digital transactions target
The future of payments is contactless and a cash-loving country like ours can make a successful shift towards becoming a digital economy, by embracing contactless payment cards. -
Jul 16, 2018
IFFCO partners with Singapore-based firm to launch e-commerce platform for farmers; eyes $5 bn sales in 2 years
An e-commerce app, 'IFFCO iMandi', has been launched that would cater to 5.5 crore farmers already associated with the cooperative -
Jul 09, 2018
GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removed
To 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. -
Apr 20, 2018
Cash crunch: Currency stocks have not kept pace with the demand; Indians apathy for digital transactions also to be blamed
Currency stocks should have been adequate for country's average requirements–if Indians had adopted digital transactions at the scale Prime Minister Narendra Modi’s government envisaged after demonetisation -
Apr 19, 2018
Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation
Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP. -
Apr 19, 2018
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.
