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DIGITALISATION OF PAYMENTS
Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...- Kazakhstan to attract international investors; introduce Golden Visa scheme & reform residency rules for skilled foreignersKazakhstan is setting the stage for a transformative migration policy. With a focus on drawing in top-tier professionals and foreign invest...
- India, Jamaica agree to boost trade, skilled mobility: JaishankarIndia and Jamaica are strengthening trade and cooperation for skilled professionals. Agreements were signed in health, solarisation, and br...
- RBI's Utkarsh 2.0 places focus on better serviceRBI's new plan places emphasis on improving customer service and financial inclusion, alongside efforts to strengthen market infrastructure...
- Thought would be impossible...: German foreign minister to S Jaishankar on UPI paymentsGerman Foreign Minister Annalena Baerbock has praised India's Unified Payments Interface (UPI) for its rapid payment capabilities. Speaking...
- UNGA President cites India's efforts to lift millions out of poverty through digitalisationAt a lecture at the FAO in Rome, Dennis Francis, President of the 78th UN General Assembly, praised India's digitalisation efforts for lift...
- Digitalisation helps improve monetary policy transmission: RBIIf digitalisation were to lead to a decline in resistance to price change by 10%, say, due to the rising online presence of retail stores a...
- Digitalisation will help rupee become global: RBI reportThe Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internatio...
- Reckless to be cashless: Why it could be risky to place all one's bets on digital transactionCash is the physical representation of fiat currency, which legitimises all digital transactions. Undermining cash is tantamount to trivial...
- Payments tech economy’s lifeline, vital for financial inclusion: RBI governorDas said that 91% of prepaid instruments were in the form of e-wallets and the rest in the form of cards. He said the shift to digital has ...
- Banks need to adopt digitisation or else they will perish: Ex-finance Secretary SC GargHe said once the limit of digital wallets increases and if the currency gets digitalised with a much more direct relationship between the c...
- Budget Wishlist 2019: MobiKwik boss banks on inclusive financial growth for all segments of societyUpasana Taku expects the Modi government to give a push to the digitalisation of financial services this year.
- Transport council to discuss reforms on September 19These would be discussed at the upcoming meeting of the Transport Development Council, the highest body to advise the government of India o...
- Demonetisation deepens digital payments in India: Visa's TR RamachandranIndia represents perhaps the single-largest cash displacement opportunity. Its PCE is about 60% of its GDP.
- Demonetisation stick now needs incentives as carrots: Economic Survey“Digitalisation is not a panacea, nor is cash all bad. Public policy must balance benefits and costs of both forms of payments. Second, the...
- Payment companies hail Economic Survey suggestion to make digital transactions profitablePayment companies are optimistic about the recommendation finding a place in the Budget that will be presented on Wednesday.
- Digitalisation not a panacea, cash not all bad: Economic SurveyThe Survey, tabled by Finance Minister Arun Jaitley in Parliament, said transition to digitalisation should be gradual after taking full ac...
- Payments above Rs 5000 by govt depts to be now made through e-payments: Finance MinistryIn order to attain digitalisation goals of government payments, finance ministry announces that payment above Rs 5000 to suppliers, contrac...
- Group of Ministers feels Aadhaar key to going digitalGroup of Ministers met for the second time this week to chart out a strategy for digital payments.
- India must be aadhaar-enabled: Group of ministersThe group had met and had chalked out a plan to promote tools such as Unified Payment Interface (UPI) and digital wallet apps.
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