Digital transactions

17 Results

  • Terror funding through counterfeit notes has fallen: Jaitley

    Terror funding through counterfeit notes has fallen: Jaitley

    A year after demonetisation, Finance Minister Arun Jaitley on Wednesday said terror funding through counterfeit currency had come down drastically in Jammu and Kashmir and Chhattisgarh. "It is very clear that terror financing has dropped drastically. We have learnt from......

    November 8, 2017
  • 2.32 m suspicious bank accounts under scanner: Gadkari

    2.32 m suspicious bank accounts under scanner: Gadkari

    Massive cash deposits of Rs 3.68 lakh crore in 23.22 lakh (2.32 million) bank accounts are under suspicion post the demonetisation move and are being investigated, Union Shipping Minister Nitin Gadkari said here on Wednesday. Besides, around 17.73 lakh (1.77......

    November 8, 2017
  • Bitcoins: Effective yet risky tool to boost digital economy

    Bitcoins: Effective yet risky tool to boost digital economy

    In a bid to boost digital economy, bitcoins can act as a potential transaction and payment mechanism for businesses but they are fraught with risks in the absence of proper monitoring and regulatory framework for the currency, a survey released......

    July 26, 2017
  • 'Steps taken to lead India into league of developed nations'

    'Steps taken to lead India into league of developed nations'

    Major economic reforms undertaken by the Narendra Modi-led regime at the Centre were of vital importance to lead the country into the league of developed nations, Union Minister Arjun Ram Meghwal said. "From demonetisation to promoting digital transactions and now......

    June 12, 2017
  • 584% jump in digital transactions since demonetisation

    584% jump in digital transactions since demonetisation

    There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday. "There has been a phenomenal 584 per cent increase......

    March 30, 2017
  • Why people can’t deposit old notes till March 31: SC asks Centre, RBI

    Why people can’t deposit old notes till March 31: SC asks Centre, RBI

    The Supreme Court (SC) on Monday asked the Union government and the Reserve Bank of India (RBI) to explain why people are not being allowed to deposit demonetised notes till March 31 as promised. “SC notice to Centre, RBI on......

    March 6, 2017
  • HDFC, ICICI, Axis hike cash transaction charges

    HDFC, ICICI, Axis hike cash transaction charges

    Promoting cashless transactions in the country, HDFC Bank, ICICI Bank and Axis Bank have started charging higher amount for cash deposits and withdrawals. “Effective from March 1, cash transaction charges for savings and salary accounts are being revised,” HDFC Bank......

    March 2, 2017
  • Govt asks all banks to have mobile banking facility by Mar 31

    Govt asks all banks to have mobile banking facility by Mar 31

    The government has asked all banks to provide mobile banking facility to all customers by March 31 in a bid to push digital transactions. "What we have asked the banks to do is to enable all customers who have mobiles......

    March 1, 2017
  • New rules to make e-wallet transactions safer soon

    New rules to make e-wallet transactions safer soon

    Soon your e-wallet transaction will be protected against any leak of consumer information and loss of money. To safeguard consumer interest, the government is drafting rules for e-wallet transactions. The move comes in the wake of a surge in phone......

    February 23, 2017
  • New rules for digital transactions

    New rules for digital transactions

    In keeping with the government’s move to boost digital transactions, President Pranab Mukherjee has given his assent to new rules relating to promotion of digital transactions and under which it will be looked after by Ministry of Electronics and Information......

    February 16, 2017
  • ‘Let's continue the movement towards digital transactions’

    ‘Let's continue the movement towards digital transactions’

    Lauding the nation’s youth for “adapting to technology very fast”, Prime Minister Narendra Modi on Saturday said that the movement towards digital transactions must continue. Speaking at a National Cadet Corps (NCC) rally here in the national capital, Modi said:......

    January 28, 2017
  • Govt mulling regulator for electronic payments

    Govt mulling regulator for electronic payments

    With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges. While the Ratan Watal committee on digital payments suggested that the......

    January 23, 2017
  • Australia plans to tax all digital transactions

    Australia plans to tax all digital transactions

    The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called 'tax strike' on the rapidly-growing digital economy. Currently, the government is unable to tax all of Australia's approximately $7.37 billion annual......

    January 11, 2017