Asserting that the government is working to expand digital transaction at a great pace despite criticism, Finance Minister Arun Jaitley on Wednesday asked Opposition not to eulogise the virtues of cash as it leads to temptation for shadow economy. “If an economy runs on cash, it is not credit to the country. …Cash gives temptation for shadow and parallel economy. ... Read More »
Paytm Says It’s Confident of Topping Total Card Transactions in India With 8.5 million daily transactions on its platform, Paytm on Thursday exuded confidence that the digital payment company will soon overtake the cumulative transaction volume for cards in the country. The Alibaba-backed company said it has also seen a multi-fold rise in its userbase post demonetisation in November. “… ... Read More »
Test-prep industry is seen as much bigger than the estimates by the industry or rating agencies. Photo: Mint The government is looking to curb unaccounted cash transactions in a largely overlooked and unregulated sector—the multibillion dollar test-prep or coaching industry. The human resource development (HRD) ministry has initiated talks with the revenue department and the corporate affairs ministry to explore and ... Read More »
The RBI is running to put in place a regulatory framework to address purchaser grievance and liabilityproblems bobbing up out of frauds in electronic transactions, government stated Tuesday. “the problem is being further tested through the RBI to put in region a regulatory framework for addressing customer complaint and liability troubles bobbing up out of such frauds,” Minister of kingdomfor ... Read More »
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