-PTI Giving further impetus to Digital Payments, the government will reimburse charges for transaction up to Rs2,000 on debit cards and BHIM New Delhi: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs2,000 from Monday onwards. Last month, union cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs2,000...

-TheWire.in Not only is the government failing to make timely payments, but the Centre’s definition of what constitutes a ‘delay’ is also flawed. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) guarantees 100 days of work in a year for every rural household that demands work. In the current financial year, over 152 crore person days of work has been generated through the programme. The Act mandates that every worker must...

-The Telegraph New Delhi: Two finance ministry departments, the Election Commission and the Reserve Bank have no information on the consultations over electoral bonds the Centre introduced nine months ago and touted as a "game-changing" decision to clean up political funding, an RTI query has revealed. RTI activist Venkatesh Nayak had sought from the department of economic affairs (DEA), a wing of the finance ministry, details of the number of representations it...

-PTI Some media reports said there is a possibility that the central govt may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. New Delhi: The finance ministry on Thursday said there is no proposal to withdraw the bank cheque book facility, which is an integral part of the payments landscape. The clarification comes in the backdrop of reports in a certain section of media that...

-PTI The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. Mumbai: The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood...