Under Modi government digital payments have increased over 3 times from FY 14 to FY 17. Has demonetisation contributed to this growth story?
Digital currencies, such as bitcoin, have emerged as an alternative to traditional forms of money. Is it time for governments to accept it as legal tender?
Banks including HDFC, shall charge a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
Rs. 6.13 lakh crore (as per Ravi Shankar Prasad’s 8th Jan tweet) against Rs. 7,131.21 crore (as of 27th Dec) – an inflated transaction figure of over 800 times.
Enthusiastic response by depositors to put banned notes back in the banking system seem to be suggesting that the government used the nuclear option of demonetisation to tackle black money in haste