-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
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NITI Aayog to start drafting plan for 'population stabilisation'
-TheWire.in Experts believe that the “population explosion” theory is contentious as despite its 1.37 billion people, India’s birth rates have been falling. New Delhi: Drawing from prime minister Narendra Modi’s Independence day speech, the NITI Aayog will soon start drafting a roadmap for “population stabilisation” in India. On Friday, it organised a national consultation titled “Realising the vision of population stabilisation: leaving no one behind” with the Population Foundation of India (PFI)...
More »Rs.2,000 note is the preferred mode for unaccounted cash, says govt data -Shishir Sinha
-The Hindu Business Line Almost half the unaccounted cash seized this fiscal was in this denomination: Tax data New Delhi: The Rs.2,000 note seems to be the key tool for unaccounted income and assets. According to the latest Income Tax data, little less than half of the unaccounted cash seized during this fiscal was in the denomination of the maximum value. It was more than 60 per cent during the last two fiscals. As...
More »RCEP's threat to agriculture staved off, but that does not solve the sector's problems -Siraj Hussain
-TheWire.in In the last five years, India’s exports of agricultural commodities have gone down from $43.25 billion in FY 2014 to $39.20 billion in FY’2019. The run-up to the RCEP leader summit in Bangkok last week was truly amazing. While farmers and trade union activists from both the Left and Right were opposed to India signing the RCEP, the government seemed to be in two minds. Indeed, senior ministers were reluctant...
More »Big Data: Don't ask how much, ask what for -Swapnil Shekhar & Kaamila Patherya
-The Hindu Business Line Big Data by itself will give little insight, especially when it comes to consumption patterns. Indicators that help contextualise the information collected must be used Everyone seems to be talking about Big Data. Organisations across sectors are buying into the premise of data-driven decision-making and growth. Studies show that the overall adoption of data science and analytics at large Indian firms has been as high as 64 per...
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