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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...- 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...
- 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.
- Digital payments rose 55% in 2016-17The retail payments segment accounted for as much as 98 per cent-99 per cent of total volumes.
- 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...
- Innovations for cashless economy: Can India have a digital sovereign currency?India's cash-to-GDP ratio, at 12 percent, is among the highest in the world, and the massive informal sector is shot through with leakages....
- 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.
- 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.
- Experts feel Watal committee's recommendations on digital pay verges on wishful thinkingIndustry feels the Ratan Watal committee, tasked by the government to recommend measures to encourage digital payment in India is extremely...
- 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...
- FinMin invites comments on Watal panel report on digi paymentThe report of the committee, which was set up last August under the chairmanship of Ratan Watal, Principal Advisor, NITI Aayog, to review m...
- 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 to do away with plan, non-plan classification by FY'18With a view to improve expenditure management, Finance Ministry is contemplating doing away with the distinction between 'plan and non-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.
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