NITI Aayog proposes to bring Digital Bank
Government think-tank Niti Aayog proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country
Nov 25, 2021, 09:36 AM IST
PM Narendra Modi lauds India's shift to digital transactions
Prime Minister Narendra Modi said digital transactions in India jumped 19 times in the last seven years.
Nov 12, 2021, 18:08 PM IST
Cybercrimes at its peak! New techniques used for financial frauds
74 investigating teams headed by an inspector rank officer and comprising four computer experts, one inspector, three sub-inspectors, and two constables have been constituted in the state to look into such cases. According to the official, over 1,000 cases related to cyber fraud are reported in Bihar every year, the majority of them related to bank and online financial frauds.
Apr 06, 2021, 23:31 PM IST
NEFT transfer available 24x7 from today; Check other details
The RBI's latest move will facilitate digital transactions in India and the bank customers will now be able to transfer their amounts higher than IMPS via NEFT on any day any time.
Dec 16, 2019, 16:33 PM IST
Do digital transactions and get discount on MRP; government working on proposal
Businesses, on the other hand, could get a cashback based on the quantum of turnover through the digital mode.
Apr 30, 2018, 14:25 PM IST
Digital transactions touched record high of Rs 71,634 crore on March 28: Finance Minister Arun Jaitley
98.2 lakh digital transaction were made on Thursday.
Mar 29, 2018, 23:46 PM IST
No transaction charges on debit card payments up to Rs 2,000
MDR is the rate charged to a merchant by a bank for providing debit and credit card services.
Dec 15, 2017, 16:59 PM IST
No proposal to withdraw cheque book facility: Finance Ministry
Media reports had earlier said that the central government may withdraw bank cheque book facility in the near future to encourage digital transactions.
Nov 24, 2017, 09:39 AM IST
Modi government planning to ban Cheque books to push digital transaction?
The government has been pushing for a less-cash economy and promoting digital transactions, especially post- demonetisation of high value currency in November last year.
Nov 21, 2017, 18:32 PM IST
Demonetisation has widened scope for digitisation among retailers: Study
More digital interface would help create a transaction history for the small retailers and enable them to get loans from banks.
Nov 08, 2017, 10:08 AM IST
Demonetisation not one-stop solution to end corruption: Arun Jaitley
The Finance Minister said he was "more than satisfied" with the new direction the economy is moving.
Nov 07, 2017, 16:27 PM IST
On 70th Independence Day, PM Modi urges greater digital transactions
Prime Minister Narendra Modi on Tuesday urged the nation, especially the youth, to adopt the digital platform for their money transactions.
Aug 15, 2017, 10:44 AM IST
Traders urge GST Council to remove anomalies in tax slabs
The traders' body suggested the government to re-examine the category of products and services under the 28 percent tax slab, arguing that many of the products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.
Jul 07, 2017, 16:54 PM IST
Technology behind bitcoin may increase government productivity
An Australian research indicates blockchain technology -- that enables bitcoin -- may increase productivity and innovation in government and industry in the future.
Jun 11, 2017, 16:06 PM IST
Allahabad resident takes to digital transactions; lauded by PM
Rahul Ganguli, a private school employee, was lauded by Modi in a letter dated May 8 which he received in response to a special postcard the city dweller had sent to the PM on the occasion of 150th anniversary of the Allahabad High Court.
May 13, 2017, 21:28 PM IST
Digital transactions shoot up 23 times post note ban to 64 lakh
Digital transactions increased by about 23 times in March to nearly 64 lakh, with total value of Rs 2,425 crore, from last November when demonetisation took effect.
Apr 14, 2017, 18:00 PM IST
HDFC Bank launches its UPI on Chillr
Launch of HDFC Bank`s UPI on Chillr will benefit customers of 44 banks that will now be able to conduct digital transactions seamlessly using the Chillr app.
Apr 07, 2017, 16:47 PM IST
Debit card payments: RBI to soon issue final guidelines on MDR charges
Aimed at encouraging digital transactions, the Reserve Bank on Thursday said it will soon come out with final guidelines on MDR charges on debit card payments.
Apr 06, 2017, 18:01 PM IST
WhatsApp mulls foray into digital payments with India launch
WhatsApp is working to launch digital payments in India in the next six months.
Apr 04, 2017, 14:51 PM IST
ATMs, Credit, debit cards set to disappear: Niti Aayog CEO
With India embracing applications of technologies at an accelerated pace, digital transactions will be done through mobile wallets and biometric modes and credit and debit cards as also ATMs were set to disappear, Niti Aayog CEO Amitabh Kant has said.
Apr 01, 2017, 19:30 PM IST
