The council has three part-time members - Surjit Bhalla, Rathin Roy, Ashima Goyal. Niti Aayog Principal Advisor Ratan Watal has been appoin...

The NPCI has also been pushing its BHIM app, offering discounts and cashbacks to merchants and users post demonetisation.

National Payments Corporation of India Managing Director & CEO A P Hota said it is necessary that banks issue debit cards to those customer...

The volume of overall digital payments, Watal further said, recorded a compounded average annual growth rate of 28 per cent from 2011-12 to...

Gandhi was speaking at the launch of BharatQR that facilitates smartphone-based QR code-enabled digital payments at retail merchant outlets.

Payment companies felt the issue was not addressed even after a heated debate on issues of lowering merchant discount rate (MDR) in recent ...

The new board will replace the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) within RBI.

While banks are likely to bear the maximum brunt of lowered rates, the impact will also ripple over to the rest of the ecosystem.

CBDT and UIDAI will together look at discussing a mechanism that will enable this. Sources have indicated that currently the data provided ...

But RBI is not very keen on giving up the regulation on Payment systems.

The committee, headed by former finance minister Ratan Watal, recommended among many things that access to payment system be opened up.

India'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...

A couple of economists or policy experts will also be roped in to support the chief ministers’ committee, a source added.

With the Budget-making process under way, government today extended the term of Finance Secretary Ratan Watal by two months till April 30.

In order to link expenditure to the outcome more efficiently, government is mulling doing away with the practice of classifying it as 'plan...

The directive comes in the backdrop of Public Accounts Committee criticising the government for excess expenditure and wrongful appropriati...

Revenue Secretary Sumit Bose, an IAS officer of 1976 batch, will be the new Finance Secretary.