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 2019Experts believe that the change in savers' preferences was a knee-jerk reaction to demonetization
2 min read4 Oct 2018Over 24,460 ATMs were added per annum between 2012 and 2016, but only 2,429 ATMs were added after demonetisation
2 min read2 Oct 2018Such incentives would go against ongoing efforts to simplify GST and really turn it into a 'good and simple tax'
4 min read2 Sep 2021In December 2017, the number of electronic transfers had breached the 1 billion mark for the first time ever
2 min read26 May 2018Privacy should be integrated into a product's initial designnot retrofitted later
4 min read21 Feb 2018Cards might well be on their way out, but making ATMs redundant is a task of vastly different proportions
4 min read16 Nov 2017Ibrahimpur, 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 2017Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace
3 min read8 Nov 2017The 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 2017The 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