Digital Payments Current Affairs

NITI Aayog signs SoI with Sushant Singh Rajput to promote Women Entrepreneurship Platform

NITI Aayog has signed Statement of Intent (SoI) with noted media personality and entrepreneur Sushant Singh Rajput to collaborate and support its flagship Women Entrepreneurship Platform (WEP) initiative. In his new role, actor turned entrepreneur will support NITI’s initiative for women entrepreneurs, to fund women-led startups to establish a vibrant, enabling entrepreneurial ecosystem for women Read More…

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GST Council constitutes 2 Group of Ministers on digital payments and Cess on Sugar

The GST Council in its 27th meeting has constituted two Group of Ministers (GoM) to consider issues related to Incentivizing digital payments in GST regime & Imposition of Cess on Sugar under GST. Both GoMs will submit their reports within period of 15 days. Key Facts First GoM: It will consider the issues relating to Read More…

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Government to bear MDR charges on transactions up to Rs.2000

The Union Cabinet has decided that Government will borne Merchant Discount Rate (MDR) charges on transactions up to Rs. 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems (AePS) to promote digital transactions. It will be for two years with effect from 1 January, 2018 by reimbursing the same to the banks. Cost Read More…

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Tez: Google’s UPI-based digital payment service launched

Tech Giant Google’s Unified Payments Interface (UPI) based digital payment service Tez (meaning fast in Hindi) was launched by Union Finance Minister Arun Jaitley in New Delhi. With this, Google become latest international giant to enter into India’s fast growing digital payment ecosystem. Key Facts Google Tez is standalone payments application, available on Android and Read More…

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Government covers 14 SC, ST, OBC and DNT scholarship schemes under Digital Payments

The Government has stated that 14 scholarship schemes for Scheduled Castes and Other Backward Classes (OBCs) / Denotified, Nomadic and Semi-nomadic Tribes (DNTs) students come under Digital Payments Initiatives. This is expected to benefit 3.54 crore students across the country. As per the modalities of this initiative, all scholarship amount will be deposited in the Read More…

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President Pranab Mukherjee picks winner of Lucky Grahak and Digi Dhan Vyapar Yojanas

President Pranab Mukherjee has picked up lucky winners from the 100th draw of lots under the digital payments promotion schemes Lucky Grahak Yojana and Digi Dhan Vyapar Yojana. Total the six winners were selected — three consumers and three merchants of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana. The winners will be felicitated by Read More…

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