-The Telegraph New Delhi: Participating as a volunteer in the Centre's financial literacy campaign for a cashless economy will yield academic credits to students of higher educational institutions, including the IITs. The Union HRD ministry has launched a scheme called the Vittiya Saksharta Abhiyan (Visaka) under which heads of institutions have been advised to give students credits for taking forward the Prime Minister's agenda. "Directors of all institutions should ensure that the necessary...
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Aadhaar all set to replace PIN, password -Mahendra K Singh
-The Times of India NEW DELHI: The Aadhaar number is all set to become an alternative for all online and card transactions which require password and PIN. Unique Identification Authority of India (UIDAI) is developing a mobile app that can be used by shopkeepers, merchants or individuals for receiving payments. The move is part of the drive, anchored by Niti Aayog, to make India a cashless economy after the government scrapped high-value...
More »Three CMs opt out of digitisation panel -Smita Gupta
-The Hindu Only Chandrababu Naidu and Shivraj Singh Chauhan will remain members Bihar’s Nitish Kumar, Tripura’s Manik Sarkar and Puducherry’s V. Narayanasamy have refused the Narendra Modi government’s invitation to join a sub-committee of Chief Ministers on digitisation and cashless transactions. The panel is tasked with suggesting possible ways to ease problems in the wake of the Centre’s demonetisation decision, sources in the Janata Dal (United), the CPI(M) and the Congress confirmed. The panel...
More »Vanishing Note, Yawning Chasm -Shaji Vikraman
-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...
More »Expect your household budget to shoot up: Going cashless comes at a cost -Tinesh Bhasin & Priya Nair
-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...
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