Mutual fund (MF) houses or asset management companies (AMCs) have also been allowed to provide instant online access facility to resident individual investors in liquid schemes.

\"The major objective is to increase the adoption and use of digital payments in India so that cash usage drops to 5-6 per cent of GDP,\" Niti Aayog CEO said.

Corporate India rushes to cater to the resurgence of rural demand following a year's good monsoon and supportive government actions.

Several government steps over the years have made digital payments affordable.

Andhra Pradesh Chief Minister N. Chandrababu Naidu was the prime mover behind Cyberabad, the information technology hub that hosts global giants such as Microsoft, as an extension to the twin cities of Hyderabad and Secunderabad.

SBI Card, with over 4 million customers, today slashed fuel surcharge to 1 per cent from 2.5 per cent in line with overall reduction affected by oil marketing companies to promote digital transactions.

The Bharat Interface for Money (BHIM) has seen a great many downloads since its launch in December 2016.

These announcements will be made by the prime minister at a function on the occasion of 126th birth anniversary of Dr Bhim Rao Ambedkar.

Finance Minister Arun Jaitley on Sunday received a pat from President Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a the Vote on Account, which happened for the first time in many years.

A transaction of INR 1,590 has bagged a Central Bank of India customer lucky bounty of INR 1 crore under the government's promotional scheme to popularise digital payments.

Finance Minister Arun Jaitley on Sunday received a pat from President Pranab Mukherjee for not seeking a the Vote on Account, which happened for the first time in many years.

In a bid to promote Aadhaar-based payment system, Modi government has launched a new Android app for merchants to accept payments using their biometric data or the registered data under UIDAI's Aadhaar number.

They were all part of the fabled $1 billion plus valuation club. Now they have run into trouble.

Objecting to the charges, Khandelwal said if government wanted to leverage digital payments, it should absorb transaction charges by subsidising them to the banks. He also demanded effective incentive schemes to promote more and more digital payments in India.

In a big push to digital payment drive, LIC is planning to provide Point of Sale (PoS) machines to its lakhs of agents who collect around Rs 1.5 lakh crore premium annually.

Over 8 lakh people have been awarded a total of Rs 133 crore in the last 50 days under the Niti Aayog's scheme to promote digital payments.

The officials have sought legal opinion before they can call several celebrities and beneficiaries to join investigation. The list includes Bollywood actresses Sunny Leone and Ameesha Patel, who attended the launch of Mittal's new business venture.

The first Budget since demonetisation has been a careful exercise by Finance Minister Arun Jaitley. It caters to the core constituency - farmers and lower income people - while not introducing anything that hurt industry.

The industry, which was endorsed by Finance Minister Arun Jaitley as a sector of economic importance, has welcomed the proposed decisions, saying that the steps will make travel more \"accessible and reduce friction between the user and service provider\".