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Cash payments News
RBI study claims major drop in cash payments after note-ban
Sat, Nov 25, 2017
The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.
Steps taken to bring down cost of digital transactions:FM Jaitley
Sun, Aug 27, 2017
Digitisation has to reach down to the village level as cash mode of transactions is always insecure, Finance Minister Arun Jaitley said.
Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form
Mon, Apr 10, 2017
Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.
Rs 25,000 crore of cash moved to digital since Nov 8: SBI
Tue, Jan 10, 2017
Other sectors like textile, wholesale segment, gems and jewellery sector were also hit with the declining sales.