Gujarat becomes first state in cashless public distribution system

Debit card charges may decline further: Jaitley

<p>With a view to promote digital transactions, the Reserve Bank of India (RBI) is working to reduce the Marginal Discount Charges (MDR) for debit card transactions above Rs 2,000, Parliament was told on Tuesday. “The RBI is deciding on this… it is work in progress. I am sure as volumes (of digital transactions) are increasing, […]</p>

Rs 10,000 cr will be pumped in BharatNet in 2017-18: Jaitley

Movement towards digital transactions to continue: Modi

<p>Stressing the benefits of a less cash society, Prime Minister Narendra Modi on Saturday said India would continue moving towards digital transactions and called upon the youth to make it successful. Addressing a rally of the National Cadet Corps (NCC) here, Modi also said the cadets can play a catalytic role in helping the citizens […]</p>

Tax cash transactions above Rs 50,000: CMs tell Modi

<p>The government must tax cash transactions above Rs 50,000, abolish banks’ interest on credit card transactions, give tax refund to consumers on digital payments and extend Rs 1,000 subsidy on smart phones to promote a less-cash, digital economy, a panel of Chief Ministers has said in a report. “To curb use of cash for large […]</p>

Mahindra Comviva offers digital transformation for enterprises

<p>Mobility solutions firm Mahindra Comviva on Tuesday launched its “Infinity Digital Engagement” platform in India that embraces mobile data to enable enterprise digital transformation. The platform enables enterprises to create rich and contextual digital engagements with their consumers, employees, partners and connected devices. “Infinity Digital Engagement Platform helps realise the vision of a digital society […]</p>

Prize money worth Rs 55 crore distributed under digital payments’ promotion schemes: NPCI

<p>The National Payments Corporation of India (NPCI) on Saturday reported that Rs 54.90 crore worth of prize money has been distributed to over 3.42 lakh winners of NITI Aayogs ‘Lucky Draw Schemes’ for consumers and merchants to promote digital payments. According to the umbrella organisation for all retail payment systems in the country, the prize […]</p>

Australia plans to tax all digital transactions

<p>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 online transactions, However, Morrison said on Wednesday that as Australia moves towards a modern, […]</p>

Digital governance will bring efficiency, says Modi

<p>Identifying India’s strength in its demography, democracy, and demand, Prime Minister Narendra Modi on Tuesday stressed the need for digital-based governance to bring efficiency in the country’s decision-making process and to boost the economy. Calling “democracy” India’s biggest strength, he said: “Some people say democracy cannot deliver effective and fast track governance, but we have […]</p>

Neither the customers nor petrol pumps will bear additional charges on digital transactions : Pradhan