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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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India slammed for slavery, we need to counter: IB to Govt -Jay Mazoomdaar

-The Indian Express It underlined that the US government funded the 2017 report which estimated 40 million slaves in the world, including 25 million in the Asia-Pacific. WARNING that “global documentation on slavery is increasingly targeting India as home to the highest number of slaves in the world,” the Intelligence Bureau in a “secret” note has recommended a strong campaign to “discredit” the information and a diplomatic offensive against it. The Bureau submitted...

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One Month Later, Misgivings Abound About How New India's Updated Mineral Policy Will Be -Anuj Srivas

-TheWire.in The K.R. Rao committee has only recently taken on board the views of civil society stakeholders, raising questions as to whether illegal mining and environmental issues will be properly addressed. New Delhi: A government committee in charge of revamping India’s 2008 mineral policy has belatedly agreed to rectify its industry-skewed composition by roping in several civil society stakeholders as ad-hoc members. However, according to multiple industry and environmental experts, it is unclear...

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Reducing food waste top priority for India: Union minister Harsimrat Kaur Badal

-PTI Union minister Harsimrat Kaur Badal is currently on a weeklong visit to the US to meet the agriculture industry and food processing companies in Chicago, Washington and New York City. Washington: India has made a huge priority to reduce massive food waste, Union minister Harsimrat Kaur Badal has told the American industry leaders seeking their investment and technology in this regard. India is one of the largest producers of food, as...

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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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