-The Indian Express Say digital wallets have helped but can’t replace cash. - Shakuntala Vani (51) from Kandivli may not possibly have any black money. She sells vegetables for a living. Having managed somehow since the government demonetised currency notes of Rs 500 and Rs 1000 denominations on November 8, says Shakuntala, her family is now on the brink of starvation. – Chote Lal (55) from Thakur village never used digital wallets in...
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Demonetisation and Digital transactions will never stop corruption in India. Here's why -Manoj Gairola
-The Economic Times If Digital transactions could curb corruption and black money , Kenya would have be en the most transparent co untry in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund...
More »Despite digital push, government hospitals still in cash mode
-The Times of India NEW DELHI: Despite Prime Minister Narendra Modi's big push for digital payments and cashless transactions post-demonetisation, government hospitals across the country remain woefully unequipped to translate his lofty visions into reality. Despite various state governments issuing directives to state and municipality-run hospitals to promote digital payments, an overwhelming majority of these are yet to install card swipe machines. Last week, the Union health secretary held a meeting on the...
More »Centre to fund digital discounts -Nistula Hebbar
-The Hindu Public sector insurers, oil-marketing firms and others not to take a hit for cashless push The Centre has decided to bear the burden imposed on public sector firms on account of the many discounts and incentives offered to promote digital payments. The plan is to create a new expenditure head in the exchequer’s accounts that will absorb the costs of such measures. Public sector insurers, oil-marketing firms and others will thus not...
More »Digital push problem: 9 of 10 cards used at ATMs, not for purchases -Sunny Verma
-The Indian Express Reserve Bank of India data for October 2016 put the number of debit cards in the country at 94.2 crore. New Delhi: The Centre’s digital push stares at a debit card usage problem: nine of ten cards are used solely for cash withdrawals at ATMs. Reserve Bank of India data for October 2016 put the number of debit cards in the country at 94.2 crore. People used debit cards for...
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