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: 73
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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
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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: 74
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 74
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 88
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);

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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&amp;rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &amp;ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&amp;rdquo; says Sabnavis. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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When you start using digital payment options, your household budget is likely to shoot up

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&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&amp;rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &amp;ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&amp;rdquo; says Sabnavis. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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When you start using digital payment options, your household budget is likely to shoot up

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-Business Standard

When you start using digital payment options, your household budget is likely to shoot up

The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a..."/>
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                <strong>Expect your household budget to shoot up: Going cashless comes at a cost -Tinesh Bhasin &amp; Priya Nair</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>When you start using digital payment options, your household budget is likely to shoot up<br /></em><br />The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br /><br />Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br /><br />&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br /><br />Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html" title="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br /></div>               </font>
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&lt;br /&gt;
&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;
&lt;br /&gt;
Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &amp;ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&amp;rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&amp;rsquo;s data. &lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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When you start using digital payment options, your household budget is likely to shoot up

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-Business Standard

When you start using digital payment options, your household budget is likely to shoot up

The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a..."/>
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                <strong>Expect your household budget to shoot up: Going cashless comes at a cost -Tinesh Bhasin &amp; Priya Nair</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>When you start using digital payment options, your household budget is likely to shoot up<br /></em><br />The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br /><br />Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br /><br />&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br /><br />Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html" title="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br /></div>               </font>
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&lt;br /&gt;
&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;
&lt;br /&gt;
Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &amp;ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&amp;rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&amp;rsquo;s data. &lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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When you start using digital payment options, your household budget is likely to shoot up

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&lt;br /&gt;
&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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When you start using digital payment options, your household budget is likely to shoot up

The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;When you start using digital payment options, your household budget is likely to shoot up&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The government&amp;rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.&lt;br /&gt;&lt;br /&gt;Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &amp;ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&amp;rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&amp;rsquo;s data. &lt;br /&gt;&lt;br /&gt;&amp;ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&amp;rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &amp;ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&amp;rdquo; says Sabnavis. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot; title=&quot;http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-Business Standard

When you start using digital payment options, your household budget is likely to shoot up

The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a..."/>
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                <strong>Expect your household budget to shoot up: Going cashless comes at a cost -Tinesh Bhasin &amp; Priya Nair</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>When you start using digital payment options, your household budget is likely to shoot up<br /></em><br />The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br /><br />Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br /><br />&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br /><br />Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html" title="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br /></div>               </font>
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-Business Standard<br />
<br />
<em>When you start using digital payment options, your household budget is likely to shoot up<br />
</em><br />
The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br />
<br />
Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br />
<br />
&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br />
<br />
Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br />
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The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a...',
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-Business Standard<br />
<br />
<em>When you start using digital payment options, your household budget is likely to shoot up<br />
</em><br />
The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br />
<br />
Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br />
<br />
&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br />
<br />
Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br />
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-Business Standard

When you start using digital payment options, your household budget is likely to shoot up

The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a...'
$disp = '<div align="justify">-Business Standard<br /><br /><em>When you start using digital payment options, your household budget is likely to shoot up<br /></em><br />The government&rsquo;s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments.<br /><br />Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. &ldquo;India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,&rdquo; the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India&rsquo;s data. <br /><br />&ldquo;Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,&rdquo; says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. &ldquo;While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,&rdquo; says Sabnavis. <br /><br />Please <a href="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html" title="http://www.business-standard.com/article/pf/expect-your-household-budget-to-shoot-up-going-cashless-comes-at-a-cost-116112000867_1.html">click here</a> to read more. <br /></div>'
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Expect your household budget to shoot up: Going cashless comes at a cost -Tinesh Bhasin & Priya Nair

-Business Standard When you start using digital payment options, your household budget is likely to shoot up The government’s demonetisation drive has caused a cash crunch, forcing people to look at plastic money and other forms of digital payments. But, for a society accustomed to physical notes, the transition to cashless comes at a cost. Many households are likely to see their budgets shoot up as they pay more at merchant establishments that accept digital payments. Around 95 per cent of consumer transactions by volume and 65 per cent by value are carried out in cash in India, according to a JM Financial report. “India is still a cash-intensive economy with a cash-to-GDP ratio of over 12 per cent,” the report states. Life has become difficult as the higher-denomination notes of Rs 500 and Rs 1,000 accounted for 86.4 per cent of the total currency in circulation by value as on March 31, 2016, according to the Reserve Bank of India’s data. “Consumers have no option but to opt for digital transactions after the demonetisation, and for this they will need to bear additional costs,” says Madan Sabnavis, chief economist, CARE Ratings. He points out that though ATM transaction charges have been waived, other charges remain. Some of these are service charge for booking tickets online (Rs 20-40 plus tax) and a surcharge on using cards at petrol pumps (except on cards that specifically waive the surcharge). This is 0.75-1 per cent on debit cards and around 2.5 per cent on credit cards. “While it has been recommended that these additional charges be done away with, this has not been implemented yet. Today, when a financial transaction is done using a debit or credit card, the merchant incurs an additional cost, which in many cases he passes on to the customer,” says Sabnavis. Please click here to read more.