The post demonitisation noise emanating from the corridors of power surely points to a certain keenness of government to move the direction of the economy to a digital or less cash economy.

Two initial loans worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a \"holiday\" meeting between liquor baron Vijay Mallya and the then bank CMD as both organisations \"criminally conspired\" to clear the entire deal despite weak financials of the airline.

 A Rs 1,000 subsidy for purchase of smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks have been recommended by a Chief Ministers' panel today to encourage digital payments.

To promote a cashless economy, government, banks, financial institutions, payment intermediaries and companies will have to work together. All will need to make sure that the transformation of the Indian citizen from cash based economy to a cashless economy happens in a convenient and safe way.

We look at what CEOs at India Inc expect from Union Budget 2017-18 speech to be presented by Finance Minister Arun Jaitley on February 1, 2017.

Domestic consumption has got a consistent beating over the past 3-4 quarters. GDP estimates have slipped to 7.1%. Industry output experienced a slide downward to a negative growth. Continuous inflationary pressures.

The Government of India aims to build a cashless economy wherein all the transactions are done electronically and can be tracked.

Union Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal initiated the maiden transaction on the India's first international exchange at International Financial Service Centre (IFSC) in GIFT city.

The distribution of new-look PAN cards, being printed by NSDL and UTIITSL (UTI Infrastructure Technology and Services Ltd), started since January 1. The cards are being issued to new applicants but existing ones can only apply for them.

A senior ICICI Bank official told Mail Today that earlier chip-based cards were given mainly to high networth individuals as they were more likely to be targeted fraudsters because of their high credit limits.

The low literacy rates in rural India, along with the lack of infrastructure like internet access and power make things extremely difficult for people to adopt e-transaction route.

In spite of rising prices and some relief from falling imports, the steel industry is struggling to recover.

Arthakranti Pratishthan, an NGO based out of a nondescript rental flat in a predominantly residential Rambaug Colony, some 20 km from Pune Airport, is now gaining global attention. Considered to be the brain behind Prime Minister Narendra Modi's move of scrapping old Rs 500 and Rs 1,000 notes, the think tank stands for a complete overhaul of India's taxation system. In an exclusive interview with Joe Mathew, Anil S. Bokil, an engineer-turned-economic thinker, the chief architect of Arthakranti Proposal, talks about the merits of demonetisation and how it can lead to a black money free-cashless economy, if the government adopts all of the NGO's proposals. Excerpts:

Banks will open additional counters and work extra hours beginning Thursday to help people exchange Rs 500 and Rs 1000 notes that have been declared invalid from midnight tonight.

You are young and healthy. You do not worry about the future. You like splurging and partying. You want to spend today than save for tomorrow. After all, who knows what future has in store for us. It's all fine until you realise one day that retirement is not far and you need to start saving for it.

PM Narendra Modi's regime is squeezing the avenues for generation and circulation of black money, but more reforms are needed to speed things up.

Following allegations of certain trading firms gaining unfair access at India's biggest bourse, Sebi acts tough. But does it have an answer to the problem?

\"The state of Gujarat is one of the leading states in India for industries and is recognised as India's growth engine,\" USIBC president Mukesh Aghi yesterday said in an interaction with a delegation of senior official and business leaders from Gujarat.

Government's across the globe offer residency rights or citizenship for a sizeable investment in their economies.

The business of luxury retailing is being shaped by a handful of first and second generation entrepreneurs. They are influencing the shoes that members of India's glitterati wear, the bags they carry, the watches that strategically pop out of their cuffs and the cars they drive.