Less Cash Economy
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Centre Proposes To Enhance Presumptive Taxation Limit For MSMEs
The government today proposed to enhance the limit for presumptive taxation for MSMEs and certain professionals provided their cash receipts are less than 5 per cent of the total turnover or gross receipts.
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On Demonetisation, P Chidambaram's "Less Cash Economy" Dig At Centre
Senior Congress leader P Chidambaram on Friday attacked the Modi government over demonetisation and raised questions over its goals, pointing to the 'rise' in cash in circulation.
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Paying 1% GST Liability Will Affect Less Than Half Assessees: Finance Ministry
The cash payment of one per cent would be calculated on the tax liability in a month and not turnover of the month, according to sources in the Revenue Department
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Uday Kotak Suggests Cash Benefits For People Earning Less Than Rs 25,000
Uday Kotak said the government should extend cash-benefit transfer to all who come under under Rs 25,000 salary bracket and whose jobs have been threatened during the ongoing COVID-19 crisis.
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In Digital India, Cash Is King, Admits Paytm Founder
Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma.
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Notes Ban Zapped 86% Cash But Impact Was "Much Less": Arvind Subramanian
Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.
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Digital Push: Government To Reimburse Merchant Discount Rate For Transactions Upto Rs 2,000
Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.
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Arun Jaitley Bats For Cashless Economy In Bangladesh
Finance Minister Arun Jaitley today encouraged developing countries to emulate India's initiatives towards a less cash-based economy, saying excessive cash harms the poor, supports corruption and leads to terror activities.
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Cash To Code: Here Are The Companies Digitising India's Economy
Indian financial start-ups are "eager to reach Indias mostly unbanked population and capitalize on its tech-friendly regulatory environment," CBInsigts said.
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PM Modi Launches 75 Cashless Townships Across 12 States
The townships were selected on the basis of a third-partyassessment by Price Waterhouse Coopers.
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Notes Ban Likely To Save Rs 1,000 Crore In Currency Printing Cost: Report
The RBI need not print the entire amount of extinguished currency because first already there was excess cash floating in the system before note-ban and secondly the pace of digitalisation has gone up leading less cash demand, SBI Research said in a report today.
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India Will Take Time To Hit Global Levels Of Less-Cash Economy: Kotak
Citing examples, Kotak said that low cash/GDP economies such as UK and Sweden have taken decades for the transition and India is expected to achieve this in a relatively short span of time provided some necessary steps are taken.
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Economists Favour Cut In Income Tax Rate; Harmonise Custom Rate
The meeting, which comes ahead of the Budget slated to be held in early February, did not go into the impact of demonetisation on the economy while the aspect of digitisation to make it a less cash economy figured.
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Less Tax For Small Traders On Digital Transactions: Government
In a bid to promote less cash economy, the government today said small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means.
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Fuel and Toll Tax Will Be Cheaper If You Pay Via Digital Mode: Arun Jaitley
In a bid to promote cashless traction and less cash economy, the Finance Minister, Arun Jaitley today announced 11 measures that the government has taken to expedite the digital switchover, including discount on fuel rates and an array of services like toll tax, when paid via the digital medium.
-
Centre Proposes To Enhance Presumptive Taxation Limit For MSMEs
The government today proposed to enhance the limit for presumptive taxation for MSMEs and certain professionals provided their cash receipts are less than 5 per cent of the total turnover or gross receipts.
-
On Demonetisation, P Chidambaram's "Less Cash Economy" Dig At Centre
Senior Congress leader P Chidambaram on Friday attacked the Modi government over demonetisation and raised questions over its goals, pointing to the 'rise' in cash in circulation.
-
Paying 1% GST Liability Will Affect Less Than Half Assessees: Finance Ministry
The cash payment of one per cent would be calculated on the tax liability in a month and not turnover of the month, according to sources in the Revenue Department
-
Uday Kotak Suggests Cash Benefits For People Earning Less Than Rs 25,000
Uday Kotak said the government should extend cash-benefit transfer to all who come under under Rs 25,000 salary bracket and whose jobs have been threatened during the ongoing COVID-19 crisis.
-
In Digital India, Cash Is King, Admits Paytm Founder
Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma.
-
Notes Ban Zapped 86% Cash But Impact Was "Much Less": Arvind Subramanian
Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.
-
Digital Push: Government To Reimburse Merchant Discount Rate For Transactions Upto Rs 2,000
Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.
-
Arun Jaitley Bats For Cashless Economy In Bangladesh
Finance Minister Arun Jaitley today encouraged developing countries to emulate India's initiatives towards a less cash-based economy, saying excessive cash harms the poor, supports corruption and leads to terror activities.
-
Cash To Code: Here Are The Companies Digitising India's Economy
Indian financial start-ups are "eager to reach Indias mostly unbanked population and capitalize on its tech-friendly regulatory environment," CBInsigts said.
-
PM Modi Launches 75 Cashless Townships Across 12 States
The townships were selected on the basis of a third-partyassessment by Price Waterhouse Coopers.
-
Notes Ban Likely To Save Rs 1,000 Crore In Currency Printing Cost: Report
The RBI need not print the entire amount of extinguished currency because first already there was excess cash floating in the system before note-ban and secondly the pace of digitalisation has gone up leading less cash demand, SBI Research said in a report today.
-
India Will Take Time To Hit Global Levels Of Less-Cash Economy: Kotak
Citing examples, Kotak said that low cash/GDP economies such as UK and Sweden have taken decades for the transition and India is expected to achieve this in a relatively short span of time provided some necessary steps are taken.
-
Economists Favour Cut In Income Tax Rate; Harmonise Custom Rate
The meeting, which comes ahead of the Budget slated to be held in early February, did not go into the impact of demonetisation on the economy while the aspect of digitisation to make it a less cash economy figured.
-
Less Tax For Small Traders On Digital Transactions: Government
In a bid to promote less cash economy, the government today said small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means.
-
Fuel and Toll Tax Will Be Cheaper If You Pay Via Digital Mode: Arun Jaitley
In a bid to promote cashless traction and less cash economy, the Finance Minister, Arun Jaitley today announced 11 measures that the government has taken to expedite the digital switchover, including discount on fuel rates and an array of services like toll tax, when paid via the digital medium.
