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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...

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10-rupee bait for cashless campaign -Ananya Sengupta

-The Telegraph New Delhi: Each citizen who performs at least two cashless transactions with the government will earn their district administration an extra Rs 10 from the Niti Aayog, to be spent on promoting e-payments across the population. This incentive comes over and above a sum of Rs 5 lakh that every district will receive for the campaign, launched today to try and make all government-citizen transactions cashless. As part of the drive,...

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Goa will be first state to go cashless from December 31

-The Times of India PANAJI: Goa is likely to become the first state in India to go cashless from December 31, as people will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile. There will be no need to carry your purse for purchases and the profession of pickpocketers may become extinct soon, as all transactions will be done...

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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...

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Dead come back to life in Rajasthan

-CivilSocietyOnline.com New Delhi: The 100-day Accountability Yatra across Rajasthan led by the Mazdoor Kisan Shakti Sangathan (MKSS) has had an impact. The state government has issued orders to re-verify all one million pensions that had been stopped, including the 688,875 pensions that had been cancelled. From December 2015 to March this year the yatra had travelled to 33 districts in Rajasthan to assess how government schemes were functioning, find out people’s grievances...

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