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Demonetisation anniversary: Is India a 'less cash' society?

Demonetisation anniversary: Is India a 'less cash' society?

Wed, Nov 08, 2017

Post demonetisation currency in circulation has fallen, while cash withdrawals soar and digital transactions at point of sales terminals also increase, we ask – Is India now a ‘less cash’ society?

Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Thu, Aug 31, 2017

What was the real purpose of demonetisation? Zeebiz attempts to answer your queries.

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Tue, Jun 20, 2017

Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.

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Demonetisation led to 'great movement' towards digitisation: Jaitley

Demonetisation led to 'great movement' towards digitisation: Jaitley

Sat, Jun 10, 2017

Union Finance Minister Arun Jaitley today said the government was aware that demonetisation would cause a cash crunch in India but had envisaged long-term advantages like "great and substantial" movement towards digitisation of the economy.

Demonetisation: Couple talks about first of its kind cashless marriage in state

Demonetisation: Couple talks about first of its kind cashless marriage in state

Tue, Jan 10, 2017

It was a marriage with a difference. A cashless wedding was solemnised at a temple at Badia in East Singhbhum district within hours of a toilet being built at the groom's house.

From GST to Demonetisation: Six major events that rocked Indian economy in 2016

From GST to Demonetisation: Six major events that rocked Indian economy in 2016

Fri, Dec 30, 2016

The year of 2016 has been an eventful one for the Indian economy. While the parliament passed the GST Bill which is expected to boost growth, the demonetisation drive by Prime Minister Narendra Modi is expected to contract economy in the near-term.

Watal Committee: Digital payments by Govt alone to save Rs 1 lakh crore per year

Watal Committee: Digital payments by Govt alone to save Rs 1 lakh crore per year

Wed, Dec 28, 2016

The committee formed to make recommendations to digital transactions in India said that transitioning to an electronic platform for government payments itself could save approximately Rs 100,000 crore or Rs 1 lakh crore annually.

Demonetisation has hit biz, but the impact is temporary, says Tata Steel

Demonetisation has hit biz, but the impact is temporary, says Tata Steel

Wed, Dec 28, 2016

Private sector steel major Tata Steel on Tuesday said demonetisation has impacted its business, but exuded confidence that the situation would improve soon.

Watal Committee on Digital Payments: Here are 13 recommendations

Watal Committee on Digital Payments: Here are 13 recommendations

Tue, Dec 27, 2016

The committee to review the framework related to digital payments under Ratan Watal, Officer of Special Deputy in the Ministry of Finance, presented its report to the government on Tuesday.

Lucky Grahak Yojana for digital payments starts today

Lucky Grahak Yojana for digital payments starts today

Tue, Dec 27, 2016

The lucky draw scheme announced by PM Narendra Modi on Christmas morning will be starting from December 27, the government tweeted on Tuesday.

Know everything about how to use Aadhar app to make payments

Know everything about how to use Aadhar app to make payments

Sun, Dec 25, 2016

With its vision to make India's cashless economy, the government is set to launch 'Aadhaar Payment App' on Sunday.

Demonetisation push: Digital payments may grow to $470 billion by 2020

Demonetisation push: Digital payments may grow to $470 billion by 2020

Mon, Dec 19, 2016

A move toward PM Modi's much advocated cashless society could push digital transactions to grow to $470 billion from $190 billion in just 4 years.

No-cash November pushes four-fold jump in e-wallet downloads

No-cash November pushes four-fold jump in e-wallet downloads

Mon, Dec 19, 2016

PM Modi's demonetisation move pushed e-wallet app downloads to grow four-fold in the midst of a cash crunch.

This is how demonetisation is changing Indian spending habits

This is how demonetisation is changing Indian spending habits

Wed, Dec 14, 2016

Increasing push in cashless transactions by the government has forced businesses and traders to operate in different ways. This has also boosted consumer spends through the digital mode.

No tax on sale of swipe machines in Gujarat

No tax on sale of swipe machines in Gujarat

Wed, Dec 14, 2016

In a bid to promote cashless transactions in Gujarat, the state government announced withdrawal of the tax applicable on the sale and rental income of the Point of Sale (PoS)-swipe machines.

Airtel Payments Bank pushes e-payments, offers free 100 minutes talktime on mobiles

Airtel Payments Bank pushes e-payments, offers free 100 minutes talktime on mobiles

Tue, Dec 13, 2016

In keeping with government’s on-going initiative to promote digital payments, Airtel Payments Bank, on Tuesday announced reward for customers making digital payments including free 100 minutes of talktime on Airtel mobiles.

Sebi may allow investments in mutual funds via digital wallet

Sebi may allow investments in mutual funds via digital wallet

Mon, Dec 05, 2016

Markets watchdog Sebi is looking to allow investors to buy mutual funds through digital wallets in the wake of the government's plan of boosting digital transactions. The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues.

Government wants Aadhaar-enabled payment to replace debit, credit cards

Government wants Aadhaar-enabled payment to replace debit, credit cards

Fri, Dec 02, 2016

The Unique Identification Authority of India has planned to increase biometric authentication capacity through Aadhaar to 40 crore a day from 10 crore to encourage more use of the platform for realising a cashless society.

Airtel rolls out payments bank in Rajasthan; offers 7.25% interest

Airtel rolls out payments bank in Rajasthan; offers 7.25% interest

Wed, Nov 23, 2016

Airtel Payments Bank Limited (Airtel Bank), a subsidiary of Bharti Airtel Limited on Wednesday announced roll out of pilot banking services in Rajasthan to test systems and processes ahead of a full scale pan Indian launch.

Will credit payments to milk producers through banks, says Amul

Will credit payments to milk producers through banks, says Amul

Tue, Nov 22, 2016

Amul Chairman Jethabhai Patel on Monday said that the group will credit payments to its milk producers directly through the bank.

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