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
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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: 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 | Modi&#039;s Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare    </title>
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-IndiaSpend

This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18

The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November..."/>
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-IndiaSpend

This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18

The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November..." />
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    <h1 class="cat-box-title">Modi&#039;s Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare</h1>
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                            <div align="justify">-IndiaSpend<br /><br /><em>This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18<br /></em><br />The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI).<br /><br />The data do not cover all transactions across all banks. But, card payments data for four major banks, mobile banking figures for five banks and prepaid payment instruments (PPI, meaning mobile payment gateways such as PayTM and FreeCharge) data for eight non-bank issuers have been considered as representative for analysing trends in payments.<br /><br />&nbsp;Digital transactions (volume) had increased 42% from 672 million in November 2016 to 958 million in December 2016 but has since declined 20% in two months to 763 million in February 2017.<br /><br />This puts in peril the government&rsquo;s target to achieve 25 billion digital transactions in 2017-18, which translates to at least 2 billion transactions per month. The February 2017 figure of 763 million transactions falls 60% short of the monthly requirement.<br /><br />&ldquo;The continuance of that high growth with a further pick up in some components (of digital payments) (sic) from November to January 2017 was a positive fallout of demonetisation. However, the pace of growth moderated somewhat in February 2017,&rdquo; the RBI noted in its first assessment of demonetisation, Macroeconomic Impact of Demonetisation- A Preliminary Assessment.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html" title="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html">click here</a> to read more. <br /></div>                                                           
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This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18

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    <h1 class="cat-box-title">Modi&#039;s Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare</h1>
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                            <div align="justify">-IndiaSpend<br /><br /><em>This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18<br /></em><br />The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI).<br /><br />The data do not cover all transactions across all banks. But, card payments data for four major banks, mobile banking figures for five banks and prepaid payment instruments (PPI, meaning mobile payment gateways such as PayTM and FreeCharge) data for eight non-bank issuers have been considered as representative for analysing trends in payments.<br /><br />&nbsp;Digital transactions (volume) had increased 42% from 672 million in November 2016 to 958 million in December 2016 but has since declined 20% in two months to 763 million in February 2017.<br /><br />This puts in peril the government&rsquo;s target to achieve 25 billion digital transactions in 2017-18, which translates to at least 2 billion transactions per month. The February 2017 figure of 763 million transactions falls 60% short of the monthly requirement.<br /><br />&ldquo;The continuance of that high growth with a further pick up in some components (of digital payments) (sic) from November to January 2017 was a positive fallout of demonetisation. However, the pace of growth moderated somewhat in February 2017,&rdquo; the RBI noted in its first assessment of demonetisation, Macroeconomic Impact of Demonetisation- A Preliminary Assessment.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html" title="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | Modi&#039;s Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare    </title>
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-IndiaSpend

This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18

The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November..."/>
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-IndiaSpend

This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18

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    <h1 class="cat-box-title">Modi&#039;s Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare</h1>
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                            <div align="justify">-IndiaSpend<br /><br /><em>This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18<br /></em><br />The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI).<br /><br />The data do not cover all transactions across all banks. But, card payments data for four major banks, mobile banking figures for five banks and prepaid payment instruments (PPI, meaning mobile payment gateways such as PayTM and FreeCharge) data for eight non-bank issuers have been considered as representative for analysing trends in payments.<br /><br />&nbsp;Digital transactions (volume) had increased 42% from 672 million in November 2016 to 958 million in December 2016 but has since declined 20% in two months to 763 million in February 2017.<br /><br />This puts in peril the government&rsquo;s target to achieve 25 billion digital transactions in 2017-18, which translates to at least 2 billion transactions per month. The February 2017 figure of 763 million transactions falls 60% short of the monthly requirement.<br /><br />&ldquo;The continuance of that high growth with a further pick up in some components (of digital payments) (sic) from November to January 2017 was a positive fallout of demonetisation. However, the pace of growth moderated somewhat in February 2017,&rdquo; the RBI noted in its first assessment of demonetisation, Macroeconomic Impact of Demonetisation- A Preliminary Assessment.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html" title="http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html">click here</a> to read more. <br /></div>                                                           
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Modi's Digital India dream souring? Value of digital transactions recedes -Abhishek Waghmare

Published on Mar 21, 2017   Modified on Mar 21, 2017

-IndiaSpend This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18 The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI). The data do not cover all transactions across all banks. But, card payments data for four major banks, mobile banking figures for five banks and prepaid payment instruments (PPI, meaning mobile payment gateways such as PayTM and FreeCharge) data for eight non-bank issuers have been considered as representative for analysing trends in payments.  Digital transactions (volume) had increased 42% from 672 million in November 2016 to 958 million in December 2016 but has since declined 20% in two months to 763 million in February 2017. This puts in peril the government’s target to achieve 25 billion digital transactions in 2017-18, which translates to at least 2 billion transactions per month. The February 2017 figure of 763 million transactions falls 60% short of the monthly requirement. “The continuance of that high growth with a further pick up in some components (of digital payments) (sic) from November to January 2017 was a positive fallout of demonetisation. However, the pace of growth moderated somewhat in February 2017,” the RBI noted in its first assessment of demonetisation, Macroeconomic Impact of Demonetisation- A Preliminary Assessment. Please click here to read more.

Business Standard/ India Spend, 21 March, 2017, http://www.business-standard.com/article/economy-policy/modi-s-digital-india-dream-souring-value-of-digital-transactions-recedes-117032100113_1.html

Tagged with: Electronic payments Digital Payments Digital India

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