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Digital transactions rose 13.5% to Rs.124.69 tn in September: RBI -Komal Gupta

-Livemint.com Digital transactions rose 13.5%—from Rs109.82 trillion in August to Rs124.69 trillion in September, the second highest for a month since the demonetisation exercise New Delhi: Digital transactions in September rose to the second highest monthly level by value since the government’s demonetisation exercise in November. Transactions through digital means rose 13.5% to Rs124.69 trillion in September from Rs109.82 trillion in August, according to provisional data released on Wednesday by the Reserve Bank...

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SC glare on 'political bonds'

-The Telegraph New Delhi: The Supreme Court today sought the response of the Centre and the Election Commission on a joint petition filed by NGOs challenging amendments to the 2016 and 2017 Finance Acts that allegedly allow unfettered donations by corporate houses in India and foreign entities to parties in the name of "political bonds". According to advocates Prashant Bhushan and Neha Rathi, appearing for the NGOs Association of Democratic Reforms and...

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From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi

-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress...

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After Durga Puja immersion in Delhi, this is what Yamuna looks like -A Mariyam Alavi

-Hindustan Times With nearly 200 Durga Puja pandals immersing idols in the river in Delhi-NCR, Yamuna was choked with debris. The river water was clogged with plastic bags, flower petals and pooja material, besides metal structures Delhi: The Yamuna choked on debris and waste materials on Sunday, a day after idols from nearly 200 Durga Pujas pandals in Delhi, Gurgaon, Noida, Ghaziabad, Faridabad and surrounding areas made way to the designated ghats...

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Digital payments push may blow Rs3,800 crore annual hole in Banks: report

-PTI After demonetisation last November, the Narendra Modi government has pushed Banks into deploying millions of points-of-sale (PoS) machines to encourage online payments Mumbai: The government’s digital payments push, mainly online card payments through point-of-sale (PoS) machines, may leave already capital starved Banks bleed by a whopping Rs3,800 crore annually, warns a report. After demonetisation last November, the Narendra Modi government has pushed Banks into deploying millions of points-of-sale (PoS) machines to encourage...

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