A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
CEO Shashi Arora discusses his roadmap for Airtel Payments Bank with Karan Choudhury.
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
India has a huge trade surplus with US - over $20 billion a year in the past five years.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
CBDT circular issued last month had raised multiple taxation concerns.
Benefits of demonetisation come at a heavy price for Fintech firms. They will spend a massive amount on securing and reinforcing their cyber security apparatus this financial year. Karan Choudhury reports.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
In 50 days, 60% of the work force was let off in retail, agri, textile and other sectors.
The firm chooses UP for payments bank launch in February. Karan Choudhury reports.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Computer emergency response teams will be strengthened with ethical hackers who will respond to cyberattacks.
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
Accuses foreign-funded competition of 'capital dumping' to capture market, bats for stronger regulations for sector.
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
The telecom companies have also been asked to urgently improve their infrastructure, as the government aims to digitise a host of services.
Safety standards are thrown to the wind as government urges consumers to use mobile wallets at petrol pumps, Shine Jacob & Karan Choudhury/Business Standard report from New Delhi.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
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