-Scroll.in The con involves the fraudulent withdrawal of money from bank accounts of victims with the help of a SIM card, Aadhaar and the United Payments Interface. The police in Delhi and the neighbouring township of Noida are investigating several complaints of fraud in which money was suspected to be siphoned out of bank accounts of victims with the help of a Unified Payment Interface-supported application linked to Aadhaar, the 12-digit biometrically...
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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...
More »MGNREGA, once world's largest source of rural livelihood, now a tale of decay and digital delay -Rashme Sehgal
-Firstpost.com Have women living in rural India benefitted from the Mahatma Gandhi National Rural Employment Scheme (MGNREGA)? MNREGA was introduced in 2006 and has emerged as the largest programme in the world for providing employment to the rural poor. While there is no doubt that MNREGA in a short span of ten years did help generate 20 billion person-days of employment benefitting 276 million workers from which more than half were women....
More »Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma & Pranav Mukul
-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for...
More »Govt mulling 2% relief on GST for Digital Payments -Pankaj Doval
-The Times of India NEW DELHI: You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case of Digital Payments where the bill is up to Rs 2,000, in a move aimed at discouraging cash payments. According to sources, the proposal - which may give the benefit in the form of a discount or...
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