Demonetization

The Government's decision to demonetize Rs 500 and Rs 1,000 rupee notes has changed the market dynamics for Paytm, which is adding million-plus subscribers a day, says the company's founder Vijay Shekhar Sharma. "Not just this, what we are more...

Demonetization has hit hard the mostly cash-based retail businesses in India, witnessing an estimated sharp plunge of 25 per cent since the Government banned Rs 500 and Rs 1,000 currency notes, according to traders. The Confederation of All India Traders...

Gold and jewellery establishments in the national capital remained closed for the fifth day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of...

The recent move by the Government to demonetize high denomination notes is likely to have far-reaching impact, striking a blow at the heart of the illegal economy. While it is not possible to have a firm estimate of unaccounted...

Once bustling with customers, malls now appear relatively forlorn with outlets having few customers due to cash squeeze. The Modi Government’s decision to demonetize Rs 500 and Rs 1,000 currency notes has badly impacted the retail sector. However, mall...

The Government’s recent demonetization action has spurred the digital payments sector in a massive way with sellers reaching out to wallet companies in order to immediately sign up to start accepting digital payments. Owing to the surge in usage and...

In the wake of challenges being faced by masses in India due to demonetization, MobiKwik, has announced that users will be able to transfer money instantly to any bank account at 0 per cent fee. The move is expected...

Within hours of the Union Cabinet decision in this regard on Monday, the National Payments Corporation of India (NPCI) announced waiving of switching fee for all RuPay Issuing and Acquiring member banks for Point of Sales (PoS) and e-commerce...

As a consequence of demonatisation of high value currency by the Government, the commercial markets over the Country wore a gloomy and deserted look. Post November 8 both retail as well wholesale trade has been affected severely, said traders body...

In the wake of demonetization of high-value currency notes, online retailer Snapdeal has recorded a 'marginal dip' in its cash-on-delivery (COD) mode of payments, a top company official said on Monday. The online retailer will also invest US$100 million in...