Category Archives: News

During 2002-2014 high denomination currencies increased from 36% to over 80%

By | December 13, 2016

Transcription of the Finance Minister’s Statement made to media today Ministry of Finance, 13-December, 2016 The Congress party was in power for 10 years continuously from 2004-14. There were two striking features of that regime. The First that it did not take even a single step either against corruption or against black money. The Second… Read More »

Banks Branches directed to ensure Deposit Slips reflects Old or New Currency

By | December 12, 2016

Press Information Bureau Government of India Ministry of Finance 11-December-2016 16:56 IST The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers… Read More »

DigiShala : Govt launches new channel to promote digital payments

By | December 11, 2016

DigiShala : Govt launches new channel to promote digital payments In an attempt to promote digital payments in the country, Ministry of Electronics and IT has introduced ‘Digi Dhan Abhiyan’ campaign to enable every citizen, small trader and merchant to adopt digital payments in their everyday financial transactions.DigiShala will impart information and education, especially in… Read More »

डिजिटल लेनदेन को बढ़ावा देने के उद्देश्य से सरकार ने शुरू किया डिजिशाला टीवी चैनल

By | December 11, 2016

डिजिटल लेनदेन को बढ़ावा देने के उद्देश्य से सरकार ने शुरू किया डिजिशाला टीवी चैनल

Govt of India New Incentive Scheme for Digital Payments – digital to digi-dhan

By | December 11, 2016

Press Information Bureau Government of India NITI Aayog 10-December-2016 18:18 IST Incentivizing Digital Payments Government of India has initiated numerous steps to combat the scourge of Corruption and Black Money in the last two and a half years. Demonetization of 500 and 1000 Rs. notes is an important milestone in this endeavour. These large denomination… Read More »

Govt withdraws certain exemptions given for use of Rs.500/- old notes w.e.f 09.12.2016

By | December 10, 2016

Government withdraws exemptions given for the use of Rs.500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets; For making payments to catering services on board, during travel by rail; and For making payments… Read More »

Banks to install one million new PoS terminals by 31st March 2017

By | December 7, 2016

In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open banks accounts for unorganized labour in which 24.54 lakh accounts opened. As part of the plan to expand the digital payments eco-system… Read More »