Cash Transaction News

Industry

Parliamentary panel asks RBI to fix dysfunctional ATMs

The panel headed by senior Congress leader M Veerappa Moily also noted that RBI's remonetisation drive has not augmented/resolved the cash supply to ATMs in rural/semi-urban areas, forcing shutdown of many ATMs

1 min read6 Jan 2019
Politics

Indians shunned one-two year term deposits during demonetization: report

Experts believe that the change in savers' preferences was a knee-jerk reaction to demonetization

2 min read4 Oct 2018
Money

Cash transactions up after demonetisation but India’s ATM network far from adequate

Over 24,460 ATMs were added per annum between 2012 and 2016, but only 2,429 ATMs were added after demonetisation

2 min read2 Oct 2018
News

Don’t incentivise cashless transactions

Such incentives would go against ongoing efforts to simplify GST and really turn it into a 'good and simple tax'

4 min read2 Sep 2021
Politics

Banking sector in 4 years of Modi govt: Note ban sets off surge in digital transactions

In December 2017, the number of electronic transfers had breached the 1 billion mark for the first time ever

2 min read26 May 2018
Opinion

Privacy by design for financial services

Privacy should be integrated into a product's initial designnot retrofitted later

4 min read21 Feb 2018
Opinion

The long road to cashless India

Cards might well be on their way out, but making ATMs redundant is a task of vastly different proportions

4 min read16 Nov 2017
Opinion

Model villages no longer model for others

Ibrahimpur, which a year ago, was much celebrated for becoming the first village in south India to go cashless, has returned to cash transactions

4 min read10 Nov 2017
Industry

One year after demonetisation, cash is still king

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

3 min read8 Nov 2017
Industry

Moderation in digital money but drama elsewhere

The spike in digital transactions saw moderation post-demonetisation but the impact on many other aspects of our financial lives has been anything but moderate

2 min read6 Nov 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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