The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
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.
All payment methods available in MobiKwik: credit cards, debit cards, UPI, Net banking, MobiKwik ZIP - Pay Later give you a perfect replacement for cash.
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.
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%.
Who knows the Lamborghini guy escaped the toll on purpose. After all, they could not test the beast by touching the odometer to 200 kmph. Most highways in India do not have the speed limit beyond 120 kmph.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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