The retail payments segment accounted for as much as 98 per cent-99 per cent of total volumes.

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

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....

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.

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.

Industry feels the Ratan Watal committee, tasked by the government to recommend measures to encourage digital payment in India is extremely...

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...

The report of the committee, which was set up last August under the chairmanship of Ratan Watal, Principal Advisor, NITI Aayog, to review m...

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...

With a view to improve expenditure management, Finance Ministry is contemplating doing away with the distinction between 'plan and non-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.