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India's e-payments space: A dawn or down of retail in India?


India s e-payments space: A dawn or down of retail in India?
With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure
The payments space in India is tangled in various knots and there are many teething issues that will arise in the future
Technology companies like Google, Facebook, and Amazon are now in a new competition amongst themselves. There is a race to digitise small businesses in India by opening digital storefronts.
More than 90% of Indian retail is unorganised and large organised retailers have not been able to crack mom-and-pop stores in India called Kiranas. They also hold an undisputed sway - 98% of the grocery retail market. Therein lies the unique opportunity to make them a part of the formal organised ecosystem.   ....

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Aadhaar Continues to Trip Up Direct Benefit Transfer Schemes, Duping Thousands: Report


Aadhaar Continues to Trip Up Direct Benefit Transfer Schemes, Duping Thousands: Report
Calling the system a direct benefit to scammers, the report highlights how real beneficiaries are often cheated by a system that has been made opaque.
Representative image. Photo: Reuters
Rights14/Dec/2020
New Delhi: Even after rounds of clarifications from the Reserve Bank of India and the Unique Identification Authority of India, and five years after a Supreme Court order rendering the interlinking of Aadhaar and bank accounts voluntary, Aadhaar cards continue to pose a big roadblock when it comes to Direct Benefit Transfer (DBT) schemes.
Successive reports, especially in the severe financial crunch presented by the lockdown, have pointed out that not only has Aadhaar continued to trip people availing themselves of the Public Distribution System and MGNREGS, it is also the prime problem for disbursement of money for scholarships, the PM Kisan scheme, LPG subsidies and so ....

New Delhi , Vipul Kumar , Supreme Court , Ministry Of Minority Affairs , Identification Authority Of India , National Payments Corporation Of India , Reserve Bank , Unique Identification Authority , Direct Benefit Transfer , Public Distribution System , Rethink Aadhaar , Aadhaar Payments Bridge , National Payments Corporation , Minority Affairs , Indian Express , Sameet Panda , Integrated Management , Annavitarn Portal , புதியது டெல்ஹி , வீப்புள் குமார் , உச்ச நீதிமன்றம் , அமைச்சகம் ஆஃப் சிறுபான்மை வாழ்க்கைத்தொழில்கள் , அடையாளம் அதிகாரம் ஆஃப் இந்தியா , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , இருப்பு வங்கி , தனித்துவமான அடையாளம் அதிகாரம் ,