Sharma, from whom she bought candles and match box, runs a small shop, selling vegetables, mustard oil, kerosene and other items in exchange for food grains. On the same lines, Mukesh Jadoun of Ledor Khurd village has been running a small grocery shop for 10 years. He says it is common for residents to engage in barter system.
One of the key moves expected from this budget would be to reduce deterrents and incentivise enablers for expansion of the digital payment/lending ecosystem.
The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore.
In an attempt to encourage poor and illiterate people in rural areas to make digital payments, the government is promoting Aadhaar Pay which ensures financial transactions by just using fingerprint.
India's young adult population is increasingly at a higher risk of lifestyle diseases such as diabetes, heart disease, obesity, blood -pressure, stress and hyper-tension. Several companies that provide services in the preventive healthcare space have
In a move aimed at pushing cashless transactions and expanding its ambit of bringing more transactions into the formal economy, the government is learnt to be considering a cut in the current limit of quoting PAN number for cash transactions.
Realising the need to make available affordable devices in rural areas to promote a ‘cashless economy’, the government has asked local handset makers to come up with smartphones costing less than Rs 2,000 that can enable financial transactions.
If there is one thing that has gripped the attention and discourse across the country, it is demonetization. On November 8, Prime Minister Narendra Modi announced the government’s decision to scrap 500- and 1000-rupee notes.
Finance Minister Arun Jaitley on Thursday said that digital transactions are a parallel mechanism, not a substitute, for cash transactions.
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