-PTI/ The Hindu The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday. This rapid shift to digital payments due to the COVID-19...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Guidelines for promoting FPOs a bureaucratic maze -T Nanda Kumar
-Financial Express The current guidelines may not inspire confidence among farmers on entering into collective enterprises. Prime minister Narendra Modi, in his address commemorating 75 years of the UN’s FAO, reiterated India’s commitment to enhance its farmers’ income. He also reiterated the resolve to create 10,000 additional Farmer Producer Organisations (FPOs), one of the main pillars in the proposed transformation of the agri-economy. Will his futuristic vision result in creation of successful...
More »A session marked by govt’s stock reply: It has no data -Sindhu Bhattacharya
-TheFederal.com Crucial questions such as on migrants, farmers and jobs remain in ‘suspended animation’ as a parliamentary panel takes a dim view of govt’s inability to present a clear view of nation’s socio-economic indicators The ongoing monsoon session of Parliament has been in the news more for the government hiding behind its stock reply — lack of data – than for legislating. Many questions have remained just that. These involved the number of...
More »Bid to extend 15% tax relief duration -R. Suryamurthy
-The Telegraph Lower corporate tax of 15% valid till March 2023 The government is exploring the possibility of extending the duration of the corporate tax relief to new units beyond March 2023. Sources said the commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry. The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could...
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