In the fifth of a six-part series on the impact of demonetisation, Avishek Rakshit senses a storm brewing over the 850-odd tea gardens in the north eastern state, which have a weekly and fortnightly payment cycle.
A day after the Patna high court slammed the Bihar government for its poor handling of the second wave of the pandemic and sought to know whether it was enforcing lockdown or not, the administration on Tuesday announced imposition of lockdown from May 5 to May 15.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
Organisations value employees who go beyond their boundaries and step up to the occasion when the need arises.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
The vehicle was carrying cash in new currency notes for wage payment to employees of a tea garden.
The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.
Open loop pre-paid cards come with a two-factor authentication. One for ATMs and PoS transactions, and the other for online transactions
Paying for facilities like issuance of demand drafts, cheque books, credit or debit cards and ATM interchange may soon become passe as public sector lender IDBI Bank on Wednesday waived-off all service charges on current and savings accounts (CASA), the first by any bank.
Two producers from the industry -- Ramesh Taurani and Ashoke Pandit -- have come forward to offer financial aid to the ailing actress.
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
Most of the buses run by Telangana State Road Transport Organisation are also off the roads
An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.
He also sought to know if Modi, during his recent meeting with Chinese President Xi Jinping, asked the latter about the 2017 Doklam standoff.
Workers who had gone to their hometowns and did not return for work after Diwali vacation owing to the demonetisation impact have now started trickling back to the industrial hubs in Gujarat, say Vimukt Dave & Sohini Das.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
As India reels from a severe water shortage, startups have begun offering innovative ways to help people access safe drinking water.
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
'People say he lacks the 'political' shrewdness that is necessary for someone to success in this field. These \n\npeople should remember the Vedic hymn -- Kriyah sidhi satve bhavati mahatannopakaraneh.'
The interest rates for lending as well as on deposits should be brought down further to reduce the cost of funds for industry and consumers in the country, Union Minister of State for Finance Anandrao Adsul said on Saturday.
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
Swiss entities keen to invest in India, says envoy .
The start of BHIM's declining share coincided with the launch of Google Tez in mid-Septem
Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Jaitley said banking network is expanding hugely and the health of banks reflects on the challenges for the economy.
In what could be the biggest cash heist in the national capital, the driver of a cash transit van allegedly fled with around Rs 22.5 crore from southeast Delhi's Govindpuri area on Thursday.
Amid the crisis has risen an outpouring of empathy from ordinary people across India led by the civil society, who have stepped up to help migrant labourers, domestic helps, construction workers, and small scale workers who were left jobless because of the nationwide lockdown.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Work fetches money and that is what keeps us going. But how about money fetching more money? We plan to give you what you need to get started.
GST will now apply to mutual funds, loan instalments and credit card dues.
'Villages are much better prepared than towns as far as COVID-19 is concerned.'
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