No one saw zero MDR for digital payments comingIn the RBI's vision document for 2021, the central bank said it would consider shifting from transaction value-based pricing slabs to a fix...
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’s Economic Advisory Council to hold first meeting todayKey issues expected to come up for discussion include ways to boost consumer demand, attract private investments and measures to incentivis...
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...
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....
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.
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...
Watal panel suggests incentives, regulator for digital paymentThe 'Committee on Digital Payments', headed by former finance secretary Ratan P Watal, said that the overall objective of the government's ...
Watal Panel on digital payments submits report to Finance MinisterThe panel, sources said, reviewed the payments system in the country and recommended medium-term measures for encouraging digital payments,...
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 Ministry sets up panel to suggest steps to promote card paymentsPanel will also study and recommend need for changes, if any, in regulatory mechanism under various laws, relevant for purpose of promotion...
India needs to remain vigilant, watch global situation: Finance MinistryIndia needs to remain vigilant and keep a watch on emerging global developments though there is no immediate cause of worry, Finance Minist...
Government identifies candidates to head 5 public sector banksBank of India executive director Arun Srivastava is expected to take charge as the managing director of Syndicate Bank.
Non-executive chairmen and separate managing directors for PSU banks from current financial yearThe top post in the state-owned banks was to be split from the next year but the decision has been advanced despite candidates being interv...
Gaps in process to select top executives at state-run banks: PanelPanel comprising Raghuram Rajan was set up by Arun Jaitley to review appointment of bank chiefs and executive directors at CBI's reference.
19 candidates to appear for CMD post in eight banks on FridayThe candidates include Dena Bank CMD Ashwini Kumar, IDBI Bank Deputy Managing Director B K Batra and Andhra Bank Executive Director S K Kal...