Page-4 of Digital Payments
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 ..
Month: Current Affairs - May, 2018
Government to bear MDR charges on transactions up to Rs.2000
The Union Cabinet has decided that Government will borne Merchant Discount Rate (MDR) charges on transactions up to Rs. 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems (AePS) to promote digital transactions. It will be for two ..
Month: Current Affairs - December, 2017
Tez: Google’s UPI-based digital payment service launched
Tech Giant Google’s Unified Payments Interface (UPI) based digital payment service Tez (meaning fast in Hindi) was launched by Union Finance Minister Arun Jaitley in New Delhi. With this, Google become latest international giant to enter into India’s fast growing ..
Month: Current Affairs - September, 2017
Government covers 14 SC, ST, OBC and DNT scholarship schemes under Digital Payments
The Government has stated that 14 scholarship schemes for Scheduled Castes and Other Backward Classes (OBCs) / Denotified, Nomadic and Semi-nomadic Tribes (DNTs) students come under Digital Payments Initiatives. This is expected to benefit 3.54 crore students across the country. ..
Month: Current Affairs - April, 2017
President Pranab Mukherjee picks winner of Lucky Grahak and Digi Dhan Vyapar Yojanas
President Pranab Mukherjee has picked up lucky winners from the 100th draw of lots under the digital payments promotion schemes Lucky Grahak Yojana and Digi Dhan Vyapar Yojana. Total the six winners were selected — three consumers and three merchants ..
Month: Current Affairs - April, 2017
MEITY to promote digital transactions in place of NITI Aayog
The Union Government has shifted the responsibility of promoting digital transactions in the country to the Union Ministry of IT and Electronics (MEITY) from NITI (National Institution for Transforming India) Aayog. In this regard, Government already has changed the business ..