In view of the numerous notifications being issued by the RBI post the November 8 demonetisation measure, India's central bank on Thursday cautioned people on fake instructions being published in its name by "unscrupulous elementson" over social media....
According to the Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a composite indicator of manufacturing performance -- the withdrawal of high-value banknotes has reportedly hampered manufacturing growth in November, with companies signalling softer increases in order books, buying levels and output....
Union Finance Minister Arun Jaitley on Thursday said the hardships faced by the people after the November 8 demonetisation will last only for one or two quarters but its effect on the Indian economy will be long-term. "The effect of demonetisation will remain for one or two quarters, but its effect on the economy will be seen in the long te...
A few days after Defence Minister Manohar Parrikar announced making Goa the first cashless state, Goa Tourism and Goa Police introduced several initiatives to make their functioning cashless. The Goa Police said that systems were being put in place to pay traffic fines by debit or credit card. Goa Tourism said payments for hotel reservation a...
State-run oil marketing companies (OMCs) hiked the price of subsidised cooking gas, or LPG, effective from Thursday by Rs 2.07 per cylinder, while that of aviation turbine fuel (ATF) was cut by 3.7 per cent. OMCs revise rates of LPG and ATF on the first of every month, based on global oil prices and the foreign exchange rate. With this...
Mumbai, Dec 1 (IANS) To enable digital transactions, especially among small merchants, Reliance Industries on Thursday announced it was launching next week its Jio-Money Merchant Solutions. "To enable digital transactions, merchants, especially small merchants, are an important component of our economy. To fuel their transactions, Jio is ...
The first salary day on Thursday post-demonetisation proved harrowing for millions in Mumbai and elsewhere in Maharashtra struggling to withdraw cash for their monthly commitments, with senior citizens and pensioners hit worst. Most ATMs continued to remain cashless as desperate men and women drove from one to another, halting wherever they saw a 'live...
In order to encourage digital payment systems across the country post demonetisation, the central government on Thursday said it will adopt best available practices in this regard. "As of now, the government is encouraging Unified Payments Interface (UPI), e-wallet, use of debit and prepaid cards and Adhaar enabled payment system ...
Congratulating Prime Minister Narendra Modi for his recent demonetisation drive in the country, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, on Thursday said it is the strongest possible push to the growth of a digitally-enabled, optimal cash economy. "This decision is an important step in his ongo...
Researchers from US-based cyber security company FireEye have claimed discovering malicious phishing websites created by cyber criminals that spoof 26 Indian banks to steal personal information from customers. FireEye identified a new domain (csecurepay[.]com) that was registered on October 23 this year and appears to be an onli...
