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RATAN WATAL COMMITTEE
MoSPI proposes framework to measure India's knowledge economy contributionThe Centre has proposed a framework to measure India’s knowledge economy, covering AI, R&D, software, innovation and digital assets, amid g...
Govt forms five-member panel to monitor Central Vista projectThe panel, headed by former finance secretary Ratan P. Watal, will keep a tab on pace of work and its quality.
NITI Aayog-European Union panel bats for efficient use of resourcesThe report on 'Strategy on Resource Efficiency', released yesterday also suggested capacity development at various levels for strengthening...
PM Narendra Modi forms Economic Advisory Council; Bibek Debroy to head itThe council has three part-time members - Surjit Bhalla, Rathin Roy, Ashima Goyal. Niti Aayog Principal Advisor Ratan Watal has been appoin...
Payment firms ask PM Narendra Modi to make NPCI a neutral agencyThe NPCI has also been pushing its BHIM app, offering discounts and cashbacks to merchants and users post demonetisation.
Govt to soon release digital payment fee policy: Niti Aayog officialNational Payments Corporation of India Managing Director & CEO A P Hota said it is necessary that banks issue debit cards to those customer...
Digital payments rise 55% in FY'17: WatalThe volume of overall digital payments, Watal further said, recorded a compounded average annual growth rate of 28 per cent from 2011-12 to...
RBI monitoring payments zone: Dy Governor R GandhiGandhi was speaking at the launch of BharatQR that facilitates smartphone-based QR code-enabled digital payments at retail merchant outlets.
What Budget 2017 did not have for digital paymentsPayment companies felt the issue was not addressed even after a heated debate on issues of lowering merchant discount rate (MDR) in recent ...
Budget backing for payment regulatory board gives voice to payment industry in regulationsThe new board will replace the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) within RBI.
Lower MDR will kill the digital payments industry: BanksWhile banks are likely to bear the maximum brunt of lowered rates, the impact will also ripple over to the rest of the ecosystem.
Government weighs the option to allow usage of Aadhaar Card for Income Tax returnCBDT and UIDAI will together look at discussing a mechanism that will enable this. Sources have indicated that currently the data provided ...
Govt considering regulator for electronic paymentsBut RBI is not very keen on giving up the regulation on Payment systems.
Mobile wallet companies seek open access to UPI frameworkThe committee, headed by former finance minister Ratan Watal, recommended among many things that access to payment system be opened up.
Tax cash payment to public utilities beyond a limit: PanelIndia's cash-to-GDP ratio of more than 12% is the highest in the world, the report has set a vision of reducing this to 6% over a period of...
Chief Ministers’ panel to recommend less-cash economy soonA couple of economists or policy experts will also be roped in to support the chief ministers’ committee, a source added.
Finance Secretary Ratan Watal gets two month extensionWith the Budget-making process under way, government today extended the term of Finance Secretary Ratan Watal by two months till April 30.
Finmin mulling abolishing plan, non-plan expenditure: Ratan WatalIn order to link expenditure to the outcome more efficiently, government is mulling doing away with the practice of classifying it as 'plan...
Finance Ministry asks ministries to avoid excess expenditureThe directive comes in the backdrop of Public Accounts Committee criticising the government for excess expenditure and wrongful appropriati...
Sumit Bose is the new Finance SecretaryRevenue Secretary Sumit Bose, an IAS officer of 1976 batch, will be the new Finance Secretary.