-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...

-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...

-The Times of India NEW DELHI: The government is set to ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The government, however, is yet to decide on the SIT's other proposal to bar cash holdings over Rs 15 lakh due to opposition from trade and industry, sources told TOI. "There are concerns...

-Hindustan Times New Delhi: India’s forests are worth as much as the combined market value of BSE-listed companies with a notional value of Rs 115 trillion but the money collected from diverting parts of this land for industries won’t go to communities that live in and are dependent on the jungles. The Union environment ministry accepted most recommendations of a 2013 expert panel that hiked the rates at which industrialists pay for...

-Livemint.com This preference for spending on religious services than sanitation extends across income and spatial divides Cleanliness is next to godliness—or so we are told. In India, cleanliness actually ranks several notches below godliness on the priority list. A recent report by the National Sample Survey Organisation (NSSO) shows that Indians are willing to spend more on religious services than on sanitation, irrespective of spatial and income divide. The survey, findings of which...