Digital Transactions Recede, Threaten ‘Digital India’

  The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI).   The data do not cover all transactions across … Continued

UP’s Modi Wave Unprecedented In 40 Years

Workers of the Bharatiya Janata Party (BJP) celebrate at its Uttar Pradesh (UP) headquarters in Lucknow. The BJP’s performance in UP is the best by any party after 1977, when the Janata Party won 352 seats of 425.   In an outcome unmatched over the last 40 years, the Bharatiya Janata Party (BJP) won 312 … Continued

2016: The Year Cashless Payments Trended Upwards

  In a year that will be remembered for notebandi–a colloquial term for the withdrawal of 86% of the value of India’s currency in circulation on November 8–cashless payments in October 2016 increased 22%, when compared to October 2015, indicating that Indians have been steadily more accepting of various digital payments modes since last year. … Continued