scorecardresearch
Tuesday, November 5, 2024
TopicDigital transactions

Topic: digital transactions

India’s dominance in digital transactions is country’s new identity, says PM Modi

PM Modi said in the last 4 years, a direct transfer of Rs 2.5 lakh crore has been made into farmers' bank accounts under PM-KISAN scheme without interference by any middlemen.

Make recharge and bill payments easier via MobiKwik

All payment methods available in MobiKwik: credit cards, debit cards, UPI, Net banking, MobiKwik ZIP - Pay Later give you a perfect replacement for cash.

Trade in rupee can’t afford speed breakers from govt. RBI also needs to take care of a hitch

While RBI move to allow export/import to be invoiced in Indian rupee will solve some problems, there is no guarantee it will circumvent payment issues with Iran or Russia.

Before RBI launches digital rupee, it must clear for Indians what the incentives are

RBI should be mindful of four key aspects as it lays the foundation for a digital rupee architecture.

PhonePe & Google Pay reach saw steep growth in rural India during pandemic, industry study shows

Between April 2020 and September 2021, PhonePe's monthly transaction value rose to Rs 3 lakh crore from Rs 0.6 lakh crore while Google Pay experienced month-on-month growth of 7%.

Taxes without borders: Govt revises tax on digital transactions, but ambiguities remain

The expanded levy could address the drop in government revenues due to Covid, but the govt must clarify its applicability and enforcement mechanisms.

RBI scraps charges on bank transfers through NEFT and RTGS

RBI said it had scrapped the charges to boost digital funds movement, and instructed banks to pass on these benefits to customers.

Demonetisation data shows it failed on many counts, but had some long-term benefits

Since there were multiple objectives of demonetisation, one cannot completely say whether the experiment was a failure or a success.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

India carries out 1st patrol in Depsang since disengagement with China, to take things ‘slow’

While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.