As per the annual report released by the Reserve Bank of India, about 99% of the notes in the 500 and 1,000 rupees notes have come back to the banking system. After the release of RBI annual report 2016-17, the opposition has begun to question the government’s unprecedented decision. It is notable that the government …
Due to the ban, digital payment has increased 55 percent in the financial year 2016-17. The policy commission gave this information on Monday. In the ‘Digital Payment – Trends, Issues and Challenges’ organized by FICCI, Principal Advisor of the Policy Commission Ratan P. Wattal said that by the end of fiscal year 2015-16, digital payments …
Mamta Banerjee has once again stated that she is the most perpetual out spoken person against demonetisation. Mamta’s political party Trinamool Congress has declared that it is not going to move with the digital in-fluency of India by refusing to accept online transaction for the International book fair held in Kolkata. West Bengal Chief Minister …
Today RBI released a notification stating the removal of withdrawal limits from ATMs and Banks from 1 February 2017. The curricular came in effect of removal of restrictions imposed due to demonetization from 8 November. The notification from rbi stated “status quo ante” which brought back the earlier limits for weekly withdrawals of Rs. 24,000. However, RBI …
The US can learn many lessons from India’s move towards a cashless economy, a top Silicon Valley expert has said while underlining that India “may have leapfrogged” American technology industry with simple and practical innovations. “India may have leapfrogged the US technology industry with simple and practical innovations and massive grunt work. It has built …
Monthly automobile sales growth rate in India slipped to a 16-year-low in December with total vehicle sales declining by 18.66 percent as demonetisation hits the industry hard. According to latest SIAM data, most of the major segments, including scooters, motorcycles and cars, witnessed record decline December sales as the automobile sector continued to bear the …
The government has completed 50 days of the decision of Demonetisation. Currency worth Rs 15.4 lakh crore was phased out. Out of this 14 lakh, crore currency was either changed or deposited in banks. According to sources, PM Narendra Modi likely to address the nation on note ban before New Year. (This page will be …
Cyber security in India may face increased threats as digital connectivity enhances following demonetization of Rs 500 and Rs 1000 notes, said BVR Mohan Reddy, former Nasscom chairman. “With the increase in digital connectivity and with demonetisation, cyber security becomes a crucial element for India,” a statement quoting Reddy, also the Founder and Executive Chairman, …
It seems that life of chai-wala and Congress Party cannot go simultaneously. This time we are not talking about PM Narendra Modi and Congress Party but here we are talking about Congress party and their favourite tea seller in Mumbai. For decades Congress party has ruled the country but is out of power from past …
Pakistan is moving on the footstep of India on the issue of demonetization. On November 8, Indian Prime Minister Narendra Modi had taken the decision of banning Rs 500 and RS 1000 note in the country. Now it’s turn of Pakistan to demonetise Rs 5000 currency note. On Monday Pakistan’s Senate has passed a resolution …