The Economic Times
6 days
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
7 days
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
9 days
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
9 days
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
9 days
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
9 days
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
9 days
The Economic Times
9 days
The Economic Times
9 days
The Economic Times
10 days
The Economic Times
13 days
"Launch of BHIM has demystified the digital payments and brought it within the grasp of every citizen," President Pranab Mukherjee said.
The Economic Times
19 days
The Economic Times
20 days
The Economic Times
20 days
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
20 days
The Economic Times
24 days
The Economic Times
24 days
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
24 days
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.
The Economic Times
a month
The Economic Times
a month
The Economic Times
2 months
NEW DELHI: India may give banks an incentive of up to Rs 10 for each transaction to encourage merchants to adopt digital modes of payment, helping achieve the objective of a less-cash economy that makes tax evasion easier to detect. According to a government official, the proposal is to provide an incentive of 0.25% on the value of a transactioncapped at Rs 10 – made on the biometric-based payment system Aadhaar Pay and UPI platform BHIM. The incentive is also aimed at encouraging banks to onboard merchants for the new payments ecosystem and build the requisite infrastructure. The move would also help recoup potential loss of revenue to lenders when buyers use Aadhaar Pay or BHIM instead of debit or credit. Funds will be made available from the India Inclusion Fund of Nabard and the corpus could be as high as Rs 1000 crore, according to an official.
The Economic Times
2 months
NEW DELHI: On Tuesday, an internal review meeting was conducted in the ministry where presentations on digital banking were given to union minister for electronics and IT, Ravi Shankar Prasad. According to an official in the know, in the meeting it has been decided that all banks will be given instructions that all accounts have to be net banking enabled by 31st March. Currently, there are 30-35% of accounts in which customers have opted not to enable netbanking. “Banks are being instructed to persuade people to enable netbanking,” the official told ET. The person added that a person who has downloaded BHIM app and wants to transact but doesnt have netbanking facility will be allowed to conduct the transaction by the bankers if the person’s telephone number is authenticated in the system. One of the highlights of the meeting was that success rate of Bharat Interface for Mobile (BHIM), which was launched by the prime minister Narendra Modi in December has been high.
Mashable
2 months
After creating a cash vacuum in the country, India's prime minister wants citizens to give digital payment solutions a try. And he needs the help of the countrymen for that. On Sunday, Narendra Modi appealed to all the residents of India to promote BHIM, a mobile payments app that his government launched in December last year. Modi is urging every Indian to spread the word to their friends, and more. SEE ALSO: India wants to make credit and debit cards obsolete for payments "I appeal to the people that each of us should teach at least 125 persons about downloading BHIM App and procedure of making transactions through it, he said in his monthly radio podcast. Read more... More about Digital Payments , Paytm , Bhim App , India , and Narendra Modi
Beijing Bulletin
2 months