-The Hindu As part of the first phase of the operation, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded. New Delhi: As part of the second phase of the 'Operation Clean Money' (OCM) launched Friday to unearth black money, the Income Tax department will probe over 60,000 individuals including 1,300 high risk persons for alleged excessive cash sales post demonetisation on...

-The Hindu Surakhpur, declared ‘fully digital payment enabled’ by government, rues low literacy, poor connectivity Around 10 days ago, a team of Delhi government officials handed over two PoS (point of sale) machines to kirana (grocery) store owners Surat Singh and Ramesh Kumar, both residents of Surakhpur village in Najafgarh, on the Delhi-Haryana border. The officials taught the two how to use the machines. On Wednesday, when The Hindu visited the village, where...

-PTI BUNDI: Cash-starved farmers in Bundi villages - where ATM and bank branches are hard to find - have resorted to the ancient barter system, exchanging wheat and pulses with other commodities. For farmers in the villages it is literally a return to the old days. Wheat is currently being sold for Rs. 21 to 24 per kg but the locals in villages are forced to purchase commodities weighing equal to wheat thus...

-The Indian Express Three villages, with a combined population of about 5,000, have only one bank and no ATM. Ambala: Chamanlal, 28, a barber in Bara village, does not have a debit card and has never seen a point-of-sale (PoS) machine. He charges Rs 20 for a haircut and Rs 10 for a shave — all in cash. He is among the few in the village who has a smartphone, but has...

-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...