Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma &amp; Pranav Mukul    </title>
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Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. 

New Delhi: When it..."/>
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-The Indian Express

Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. 

New Delhi: When it..." />
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    <h1 class="cat-box-title">Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma &amp; Pranav Mukul</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. <br /></em><br /><em>New Delhi: </em>When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for terror funding and promotion of a &ldquo;less-cash&rdquo; society. The data released by the RBI in its annual report on Wednesday indicates that on most of these counts, the objectives can either be classified as work-in-progress or being simply elusive.<br /><br />The premise in the days after the announcement was that the currency notes that failed to return to the banking system could largely be categorised as &ldquo;black money&rdquo;, a view that was corroborated by the then Attorney General Mukul Rohatgi in the Supreme Court and subsequently by a senior finance ministry official.<br /><br />Rohatgi had said that of the total estimated money in circulation of Rs 15-16 lakh crore, the government expected people to deposit Rs 10-11 lakh crore. &ldquo;The rest, Rs 4-5 lakh crore, were being used in northeast and Jammu and Kashmir to fuel trouble in India. That will be neutralised,&rdquo; he had said. A senior finance ministry official had told reporters in November that the government expected that Rs 3 lakh crore would not return into the banking system.<br /><br />With nearly 99 per cent of the junked currency having come back into the banking system, that argument doesn&rsquo;t hold &mdash; reinforcing the assumption that the bulk of black money is trapped in sectors such as real estate, gold and held overseas.<br /><br />On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. Even as there was a blip in March to 893.89 million transactions, the volume has since come down to 862.38 million transactions in July. This includes transactions through systems such as NEFT, prepaid wallets, UPI, debit and credit cards, cheques and mobile banking, a 28 per cent growth from November levels.<br /><br />In value terms, November 2016 recorded Rs 94 lakh crore in electronic payments which grew to Rs 104 lakh crore in December, surged in March to Rs 149 lakh crore, then declined to Rs 107 lakh crore during July &mdash; a five-month low.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/" title="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/" class="re" target="_blank">The Indian Express, 31 August, 2017, http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma &amp; Pranav Mukul</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. <br /></em><br /><em>New Delhi: </em>When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for terror funding and promotion of a &ldquo;less-cash&rdquo; society. The data released by the RBI in its annual report on Wednesday indicates that on most of these counts, the objectives can either be classified as work-in-progress or being simply elusive.<br /><br />The premise in the days after the announcement was that the currency notes that failed to return to the banking system could largely be categorised as &ldquo;black money&rdquo;, a view that was corroborated by the then Attorney General Mukul Rohatgi in the Supreme Court and subsequently by a senior finance ministry official.<br /><br />Rohatgi had said that of the total estimated money in circulation of Rs 15-16 lakh crore, the government expected people to deposit Rs 10-11 lakh crore. &ldquo;The rest, Rs 4-5 lakh crore, were being used in northeast and Jammu and Kashmir to fuel trouble in India. That will be neutralised,&rdquo; he had said. A senior finance ministry official had told reporters in November that the government expected that Rs 3 lakh crore would not return into the banking system.<br /><br />With nearly 99 per cent of the junked currency having come back into the banking system, that argument doesn&rsquo;t hold &mdash; reinforcing the assumption that the bulk of black money is trapped in sectors such as real estate, gold and held overseas.<br /><br />On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. Even as there was a blip in March to 893.89 million transactions, the volume has since come down to 862.38 million transactions in July. This includes transactions through systems such as NEFT, prepaid wallets, UPI, debit and credit cards, cheques and mobile banking, a 28 per cent growth from November levels.<br /><br />In value terms, November 2016 recorded Rs 94 lakh crore in electronic payments which grew to Rs 104 lakh crore in December, surged in March to Rs 149 lakh crore, then declined to Rs 107 lakh crore during July &mdash; a five-month low.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/" title="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/">click here</a> to read more. <br /><br /></div>                                                           
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-The Indian Express

Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. 

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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. <br /></em><br /><em>New Delhi: </em>When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for terror funding and promotion of a &ldquo;less-cash&rdquo; society. The data released by the RBI in its annual report on Wednesday indicates that on most of these counts, the objectives can either be classified as work-in-progress or being simply elusive.<br /><br />The premise in the days after the announcement was that the currency notes that failed to return to the banking system could largely be categorised as &ldquo;black money&rdquo;, a view that was corroborated by the then Attorney General Mukul Rohatgi in the Supreme Court and subsequently by a senior finance ministry official.<br /><br />Rohatgi had said that of the total estimated money in circulation of Rs 15-16 lakh crore, the government expected people to deposit Rs 10-11 lakh crore. &ldquo;The rest, Rs 4-5 lakh crore, were being used in northeast and Jammu and Kashmir to fuel trouble in India. That will be neutralised,&rdquo; he had said. A senior finance ministry official had told reporters in November that the government expected that Rs 3 lakh crore would not return into the banking system.<br /><br />With nearly 99 per cent of the junked currency having come back into the banking system, that argument doesn&rsquo;t hold &mdash; reinforcing the assumption that the bulk of black money is trapped in sectors such as real estate, gold and held overseas.<br /><br />On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. Even as there was a blip in March to 893.89 million transactions, the volume has since come down to 862.38 million transactions in July. This includes transactions through systems such as NEFT, prepaid wallets, UPI, debit and credit cards, cheques and mobile banking, a 28 per cent growth from November levels.<br /><br />In value terms, November 2016 recorded Rs 94 lakh crore in electronic payments which grew to Rs 104 lakh crore in December, surged in March to Rs 149 lakh crore, then declined to Rs 107 lakh crore during July &mdash; a five-month low.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/" title="http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/">click here</a> to read more. <br /><br /></div>                                                           
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Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma & Pranav Mukul

Published on Aug 31, 2017   Modified on Aug 31, 2017

-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for terror funding and promotion of a “less-cash” society. The data released by the RBI in its annual report on Wednesday indicates that on most of these counts, the objectives can either be classified as work-in-progress or being simply elusive. The premise in the days after the announcement was that the currency notes that failed to return to the banking system could largely be categorised as “black money”, a view that was corroborated by the then Attorney General Mukul Rohatgi in the Supreme Court and subsequently by a senior finance ministry official. Rohatgi had said that of the total estimated money in circulation of Rs 15-16 lakh crore, the government expected people to deposit Rs 10-11 lakh crore. “The rest, Rs 4-5 lakh crore, were being used in northeast and Jammu and Kashmir to fuel trouble in India. That will be neutralised,” he had said. A senior finance ministry official had told reporters in November that the government expected that Rs 3 lakh crore would not return into the banking system. With nearly 99 per cent of the junked currency having come back into the banking system, that argument doesn’t hold — reinforcing the assumption that the bulk of black money is trapped in sectors such as real estate, gold and held overseas. On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. Even as there was a blip in March to 893.89 million transactions, the volume has since come down to 862.38 million transactions in July. This includes transactions through systems such as NEFT, prepaid wallets, UPI, debit and credit cards, cheques and mobile banking, a 28 per cent growth from November levels. In value terms, November 2016 recorded Rs 94 lakh crore in electronic payments which grew to Rs 104 lakh crore in December, surged in March to Rs 149 lakh crore, then declined to Rs 107 lakh crore during July — a five-month low. Please click here to read more.

The Indian Express, 31 August, 2017, http://indianexpress.com/article/business/banking-and-finance/demonetisation-in-value-digital-deals-surge-then-dip-to-5-month-4821580/

Tagged with: Digital Economy Digital Payments Electronic payment Electronic payments electronic point of sale (ePoS) machines Electronic Transactions

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