NBFC cash loan against gold restricted to Rs 25,000
Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said Thursday.
Mar 09, 2017, 19:46 PM IST
Electoral bonds cannot become parallel currency: FM Jaitely
Finance Minister Arun Jaitley on Wednesday said that the electoral bonds announced in Union Budget 2017-18 to promote legitimate funding of political parties cannot become a parallel currency and thus would be valid only for a specific duration.
Mar 08, 2017, 20:10 PM IST
Anil Ambani's Reliance Capital sells Paytm stake to Alibaba; makes over 2,000% profit
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.
Mar 07, 2017, 12:00 PM IST
Digital payment can check black money, graft: PM
Digital payment can check black money and play a key role in fighting graft, Prime Minister Narendra Modi said today as he asked the youth to become an "anti-corruption cadre" as part of the "cleanliness" drive.
Feb 26, 2017, 16:48 PM IST
Is WhatsApp eying digital payments in India?
Brian Acton, co-founder of popular messaging app WhatsApp, called on IT Minister Ravi Shankar Prasad to discuss ways in which the company can contribute to India's vision for digital commerce.
Feb 25, 2017, 12:15 PM IST
'Over Rs 153 crore awarded to 10 lakh people to promote e-payments'
Nearly 10 lakh consumers and merchants have been awarded over Rs 153.5 crore in the last 58 days under Niti Aayog's schemes to promote digital payments, its CEO Amitabh Kant said on Tuesday.
Feb 21, 2017, 16:15 PM IST
Banks rush to buy cyber security cover as digital payments rise
At a time when cyber threats are on the rise for banks for increasing cashless transactions and effects of demonetization, insurers see rise in demand for cyber insurance and cyber liability insurance, in particular.
Feb 12, 2017, 18:30 PM IST
Reliance Jio, Paytm in trouble; govt issues notices for using PM Modi photo in ads
The government has slapped notices on billionaire Mukesh Ambani-led Reliance Jio Infocomm and Paytm for using the Prime Minister's photograph in their advertisements.
Feb 10, 2017, 18:55 PM IST
Now go cashless for all your travel bookings using FreeCharge on Yatra
FreeCharge consumers will be able to pay for bookings on Yatra, India`s leading online travel company and largest domestic hotels platform.
Feb 09, 2017, 14:16 PM IST
MobiKwik in talks to raise funds, eyes $1 billion valuation: CEO
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
Feb 08, 2017, 19:20 PM IST
Digital push: Govt confident that debit card charges may decline
As the government seeks to promote digital transactions, Finance Minister Arun Jaitley on Tuesday exuded confidence that the charges on such payments would come down with increase in volumes.
Feb 07, 2017, 16:11 PM IST
Card, Aadhaar enabled payments at all PDS, fertiliser depots soon
In a major push for cashless transactions, PoS machines for credit/debit card as well as Aadhaar-based transactions will be installed at all PDS shops and fertiliser depots over the next few months.
Feb 06, 2017, 14:07 PM IST
Govt removes all taxes on PoS machines to push e-payments
In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.
Feb 01, 2017, 13:58 PM IST
Cashless transactions: Govt to roll out Aadhaar Pay, 14 banks already on board
Taking another step closer towards a cashless economy, the Modi government is all set to roll out Aadhaar Pay service that will enable people to make and receive payments using their Aadhaar number and biometrics.
Jan 27, 2017, 18:01 PM IST
Get incentives from govt for going cashless soon; Budget 2017 may announce fund to incentivise digital payments
In order to boost digital payments in the country, the government is mulling to set up a digital payments incentive fund which will fund measures to widen infrastructure to support digital payments.
Jan 27, 2017, 14:19 PM IST
Transactions through card may become cheaper
Transactions through card may become cheaper. Watch this special segment and get to know more here.
Jan 24, 2017, 22:49 PM IST
Digital payments: Panel recommends abolition of MDR, tax on cash transaction above Rs 50,000
To encourage digital transaction, the Chandrababu Naidu panel, in the report to PM Modi stated that bringing down cost of digital transactions was key to success of digital payments.
Jan 24, 2017, 20:42 PM IST
Government may reduce service charge on credit and debit card transactions
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Jan 21, 2017, 00:27 AM IST
Digi pay: 3.81 lakh consumers, 21,000 merchants win Rs 61 crore
More than 3.81 lakh consumers and 21,000 merchants have been declared winners of NITI Aayog's lucky draw schemes 'Lucky Grahak Yojana, LGY' for consumers and 'Digi-Dhan Vyapar Yojana, DVY for merchants.
Jan 19, 2017, 20:47 PM IST
Niti Aayog to rank states on digital metrics, seeks data
To foster competition among states, Niti Aayog has sought data on digital transactions from them within 10 days so that they can be ranked on the basis of initiatives taken to promote less-cash economy.
Jan 17, 2017, 14:58 PM IST