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
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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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);

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        LATEST NEWS UPDATES | System not yet ready for cashless economy, RBI Governor tells PAC -AM Jigeesh    </title>
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-The Hindu Business Line

'RBI working on cutting transactions costs on digital payments'

New Delhi: RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure..."/>
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New Delhi: RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure..." />
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>'RBI working on cutting transactions costs on digital payments'<br /><br />New Delhi: </em>RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure is not ready for a cashless economy.<br /><br />He assured the panel that the RBI is working out ways to reduce transaction costs involved in digital payments.<br /><br />As was the case when he appeared before the Finance Standing Committee on Wednesday, Patel, did not face any tough questions at the meeting held here on Friday. He was given 15 days to reply to the questions posed by the members.<br /><br />&ldquo;We will take a look at his replies and if necessary will call him again,&rdquo; a member said.<br /><br />Patel said the cash flow will be normalised very soon and reiterated that the decision will have a short-term impact on GDP growth.<br /><br />The BJP members in the panel protested over questions being posed to the Governor on demonetisation stating that the agenda of the meeting was the review of monetary policy. However, majority of the questions were on the withdrawal of notes.<br /><br />&ldquo;He said infrastructure, including the spectrum, is not ready for digital payments at the moment. He, however, said that the RBI will promote a cashless economy,&rdquo; another member said. The panel will meet the Finance Ministry officials soon after the first lap of Budget session.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>'RBI working on cutting transactions costs on digital payments'<br /><br />New Delhi: </em>RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure is not ready for a cashless economy.<br /><br />He assured the panel that the RBI is working out ways to reduce transaction costs involved in digital payments.<br /><br />As was the case when he appeared before the Finance Standing Committee on Wednesday, Patel, did not face any tough questions at the meeting held here on Friday. He was given 15 days to reply to the questions posed by the members.<br /><br />&ldquo;We will take a look at his replies and if necessary will call him again,&rdquo; a member said.<br /><br />Patel said the cash flow will be normalised very soon and reiterated that the decision will have a short-term impact on GDP growth.<br /><br />The BJP members in the panel protested over questions being posed to the Governor on demonetisation stating that the agenda of the meeting was the review of monetary policy. However, majority of the questions were on the withdrawal of notes.<br /><br />&ldquo;He said infrastructure, including the spectrum, is not ready for digital payments at the moment. He, however, said that the RBI will promote a cashless economy,&rdquo; another member said. The panel will meet the Finance Ministry officials soon after the first lap of Budget session.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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-The Hindu Business Line

'RBI working on cutting transactions costs on digital payments'

New Delhi: RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure..." />
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    <h1 class="cat-box-title">System not yet ready for cashless economy, RBI Governor tells PAC -AM Jigeesh</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>'RBI working on cutting transactions costs on digital payments'<br /><br />New Delhi: </em>RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country&rsquo;s infrastructure is not ready for a cashless economy.<br /><br />He assured the panel that the RBI is working out ways to reduce transaction costs involved in digital payments.<br /><br />As was the case when he appeared before the Finance Standing Committee on Wednesday, Patel, did not face any tough questions at the meeting held here on Friday. He was given 15 days to reply to the questions posed by the members.<br /><br />&ldquo;We will take a look at his replies and if necessary will call him again,&rdquo; a member said.<br /><br />Patel said the cash flow will be normalised very soon and reiterated that the decision will have a short-term impact on GDP growth.<br /><br />The BJP members in the panel protested over questions being posed to the Governor on demonetisation stating that the agenda of the meeting was the review of monetary policy. However, majority of the questions were on the withdrawal of notes.<br /><br />&ldquo;He said infrastructure, including the spectrum, is not ready for digital payments at the moment. He, however, said that the RBI will promote a cashless economy,&rdquo; another member said. The panel will meet the Finance Ministry officials soon after the first lap of Budget session.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

System not yet ready for cashless economy, RBI Governor tells PAC -AM Jigeesh

Published on Jan 21, 2017   Modified on Jan 21, 2017

-The Hindu Business Line 'RBI working on cutting transactions costs on digital payments' New Delhi: RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country’s infrastructure is not ready for a cashless economy. He assured the panel that the RBI is working out ways to reduce transaction costs involved in digital payments. As was the case when he appeared before the Finance Standing Committee on Wednesday, Patel, did not face any tough questions at the meeting held here on Friday. He was given 15 days to reply to the questions posed by the members. “We will take a look at his replies and if necessary will call him again,” a member said. Patel said the cash flow will be normalised very soon and reiterated that the decision will have a short-term impact on GDP growth. The BJP members in the panel protested over questions being posed to the Governor on demonetisation stating that the agenda of the meeting was the review of monetary policy. However, majority of the questions were on the withdrawal of notes. “He said infrastructure, including the spectrum, is not ready for digital payments at the moment. He, however, said that the RBI will promote a cashless economy,” another member said. The panel will meet the Finance Ministry officials soon after the first lap of Budget session. Please click here to read more.

The Hindu Business Line, 20 January, 2017, http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece?homepage=true

Tagged with: Reserve Bank of India Currency demonetisation Demonetisation Cashless Economy Cashless Transactions Digital India Digital Payments Digital Wallets

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