The Economic Times
16 hours
The Economic Times
Invalid date
The Economic Times
Invalid date
Merchants and banks, which have to deploy the Aadhaar terminal with merchants, will each get an incentive of 0.25% of the transaction value done through BHIM Aadhaar.
The Economic Times
Invalid date
Party insiders said that the upcoming civic bodies' election along with the 2019 Lok Sabha election will also come up for discussion.
The Economic Times
Invalid date
Demonetisation has reduced the time for digital migration from years to months, according to former UIDAI chairman Nandan Nilekani, who believes India needs an advanced data protection, security and privacy law to deal with the data deluge. The legislation is vital to also create digital literacy, so that citizens are aware of what digitisation means, Nilekani, 61, told ET in an interview on Thursday. The Goods and Services Tax, due to come into force on July 1, has already seen more than five million businesses register on its platform-GST network. This will generate around 2 billion electronic invoices every month. The demonetisation move in November 2016 and the BHIM app have similarly pushed people to transact online. "India has a unique opportunity to draft a very modern data protection and privacy Bill which can be superior to what is happening elsewhere in the world," he said.
The Economic Times
Invalid date
Demonetisation has reduced the time for digital migration from years to months, according to former UIDAI chairman Nandan Nilekani, who believes India needs an advanced data protection, security and privacy law to deal with the data deluge. The legislation is vital to also create digital literacy, so that citizens are aware of what digitisation means, Nilekani, 61, told ET in an interview on Thursday. The Goods and Services Tax, due to come into force on July 1, has already seen more than five million businesses register on its platform-GST network. This will generate around 2 billion electronic invoices every month. The demonetisation move in November 2016 and the BHIM app have similarly pushed people to transact online. "India has a unique opportunity to draft a very modern data protection and privacy Bill which can be superior to what is happening elsewhere in the world," he said.
The Economic Times
Invalid date
In FY15, we incrementally produced more coal than previous four years. In the past, our power plants faced shortage of coal. Now, they face the problem of storage of excess coal. India is expected to stop importing thermal coal by 2019. Jobs, which we were helping create in Indonesia, South Africa and Australia, are now being created in India. I am sure that as a commodity guru, you will be aware of these as it has brought down global coal prices. The world is moving towards a digital architecture. Many developed countries are allowing private companies to build architecture and create billions of dollars of market cap. In India, we are creating digital architecture in public space like UPI, Aadhaar, BHIM etc, and making it available at a nominal cost. I will recommend you to read an article written by your peer macro investor Raoul Pal on digital transformation of India.
The Economic Times
Invalid date
In FY15, we incrementally produced more coal than previous four years. In the past, our power plants faced shortage of coal. Now, they face the problem of storage of excess coal. India is expected to stop importing thermal coal by 2019. Jobs, which we were helping create in Indonesia, South Africa and Australia, are now being created in India. I am sure that as a commodity guru, you will be aware of these as it has brought down global coal prices. The world is moving towards a digital architecture. Many developed countries are allowing private companies to build architecture and create billions of dollars of market cap. In India, we are creating digital architecture in public space like UPI, Aadhaar, BHIM etc, and making it available at a nominal cost. I will recommend you to read an article written by your peer macro investor Raoul Pal on digital transformation of India.
The Economic Times
Invalid date
NAGPUR: Pushing for a less-cash economy, Prime Minister Narendra Modi today said the government's 'DigiDhan' movement for digital payment is a step towards curbing the menace of corruption. While paying rich tributes to Dr B R Ambedkar on his 126th birth anniversary at the Deekshabhoomi here, the Prime Minister also launched two new schemes under the BHIM app for referral bonus to individual users and cash-back for merchants to incentivise them. "This DigiDhan movement is a safai abhiyaan (cleanliness movement). It is to fight the menace of corruption," said Modi addressing a public rally here. Seeking to rope in youngsters to promote cashless transactions, Modi said for every person you introduce to the BHIM app, you will get a cash back of Rs 10. "If you refer 20 people a day, you can earn Rs 200," he said. Notably, the PM had recently expressed gratitude to the people saying over the last few months the country had witnessed an atmosphere in which people in large numbers participated in the digital payment, the 'Digidhan' movement.
The Economic Times
Invalid date
The new app will enable payments with just a 'thumb' impression, which can be used by even an illiterate person to pay digitally with his/her biometric data.
The Economic Times
Invalid date
Earn Rs 10 on every successful referral for Modi's BHIM appUnder the referral bonus scheme, both the existing user who refers BHIM and the new user who adopts BHIM would get a cash bonus credited directly to their account.
The Economic Times
Invalid date
Earn Rs 10 for every successful referral for Modi's BHIM appUnder the referral bonus scheme, both the existing user who refers BHIM and the new user who adopts BHIM would get a cash bonus credited directly to their account.
The Economic Times
Invalid date
The Economic Times
Invalid date
The Economic Times
Invalid date
The Economic Times
Invalid date
The Economic Times
4 months
"Launch of BHIM has demystified the digital payments and brought it within the grasp of every citizen," President Pranab Mukherjee said.
The Economic Times
2 months
The Economic Times
3 months
The Economic Times
3 months
Leaders will each spend a day in a constituency between April 6 and 14 to educate cadre on various issues ranging from Modi govt’s achievements to BHIM app
The Economic Times
3 months
The Economic Times
Invalid date
The Economic Times
Invalid date
25% for payments below Rs 1,000 and 0.65% for all other charges," said AP Hota, MD & CEO, NPCI. Hota added that the MDR on UPI could come down if the RBI reduces the fee on debit cards. The RBI on Thursday said it needs more time to decide on new rates on debit cards. NPCI has also developed the BHIM app, which is among the various applications for UPI payment. According to Rajeev Agarwal, MD & CEO, Innoviti, the application makes it possible to enable QR code-based acceptance without any additional capital. "All that is required is an upgrade of the software on the card swipe machine. In some of the newer machines it can be done by a remote, while older machines may require a visit from our representative," Agarwal said. Reliance Retail, which stands to gain from lower charges, is incentivising customers to use the new mode of payment by offering discounts in form of cashback.
The Economic Times
Invalid date
It is a big decision and the PM wants people to have a clear idea of GST, its implications and how they stand to gain from it," the official quoted earlier said. There will also be interactions-cum-workshops for journalists, academics and opinion-makers. Senior ministers may host live sessions on Facebook. "The PM's directives are to use every platform, including social media, to take the GST message home before the rollout happens from July 1," said another senior official. As part of reach-out efforts during April 6-14, BJP office-bearers will also make efforts to communicate the benefits of the PM’s less-cash economy drive, with particular focus on getting as many people on board as possible on using digital payments apps like BHIM.