Page-2 of Digital Payments Current Affairs, GK & News
Budget 2019 : Digital payments
To further encourage people to use digital payments as the preferred mode of their transactions, the Union Budget has announced the following measures to make digital payments successful- A 2% tax deduction at the source is proposed for all cash withdrawals exceeding Rs 1 crore in a year from a bank account. To encourage a ..
Topics: BHIM • Digital Payments • MDR • Union Budget 2019 • UPI
Recommendations of the Nilekani Panel for strengthening Digital Payments
The panel headed by Nandan Nilekani has submitted the recommendations to the Reserve Bank of India (RBI) for strengthening digital payments ecosystem. Recommendations of the Nilekani Panel The committee has listed a comprehensive set of regulatory interventions that will be needed to achieve the goal of a less-cash economy. The recommendations include: Easing KYC costs ..
Category: Economy & Banking Current Affairs
Topics: Digital Payments • IRDAI • KYC • less-cash economy • MDR • Merchant Discount Rate • National Common Mobility Card • NCMC • NEFT • Nilekani Panel • RBI • Reserve Bank of India • RTGS • SEBI
Nilekani Panel to strengthen the Digital Payments Ecosystem
The Reserve Bank of India (RBI) has constituted a high-level committee under Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. Members of the Committee Nandan Nilekani will be the head of the committee which comprises of former RBI deputy governor H.R. Khan, former MD and CEO ..
Month: Current Affairs - January, 2019
Topics: Aruna Sharma • Digital Payments • Financial inclusion • H.R. Khan • Kishore Sansi • Nandan Nilekani • Reserve Bank of India (RBI) • Sanjay Jain
NITI Aayog signs SoI with Sushant Singh Rajput to promote Women Entrepreneurship Platform
NITI Aayog has signed Statement of Intent (SoI) with noted media personality and entrepreneur Sushant Singh Rajput to collaborate and support its flagship Women Entrepreneurship Platform (WEP) initiative. In his new role, actor turned entrepreneur will support NITI’s initiative for women entrepreneurs, to fund women-led startups to establish a vibrant, enabling entrepreneurial ecosystem for women ..
Month: Current Affairs - May, 2018
Category: Awards, Persons & Places in News
Topics: BHIM App • Cashless Economy • Digital Payments • Government Schemes • NITI Aayog • Persons in News • Sushant Singh Rajput • Women Entrepreneurship Platform
GST Council constitutes 2 Group of Ministers on digital payments and Cess on Sugar
The GST Council in its 27th meeting has constituted two Group of Ministers (GoM) to consider issues related to Incentivizing digital payments in GST regime & Imposition of Cess on Sugar under GST. Both GoMs will submit their reports within period of 15 days. Key Facts First GoM: It will consider the issues relating to ..
Month: Current Affairs - May, 2018
Topics: Cess on Sugar • Digital Payments • Group of Ministers • GST Council • National