Download or read book Demonetization India s Cashless Economy written by Prof. (Dr.) B. Uday Kumar & Mrs. K. Radhika and published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd). This book was released on with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the developing economy like ours, the importance of Demonetization is to a great extent has been acknowledged by all specially when optimum utilization of resources is the crying need of the day. in the view of this, this topic is gaining importance and thus has been included in the curriculum of Telangana state. This book has primarily been written in the simple language and in a lucid style with a view to explain to the society. numerous examples have been incorporated in this book to illustrate the basic principles of the subject. A good number of practical problems with examples are mentioned in this book by common people.
Download or read book Cashless Economy in India Present Scenario Potential Prospect and Challenges written by ajit roy and published by Createspace Independent Publishing Platform. This book was released on 2017-03-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: To combat black money, corruption, counterfeit currency and terror financing, government took decision on November 8, 2016 to ban Rs 500 & 1000 notes followed by putting a cap on withdrawals from banks and ATMs, Prime Minister Narendra Modi floated the idea of a cashless society. A cultural-economic revolution in the making. But this surprise demonetization also pushed millions of new users onto the country's digital economic grid by virtual fiat. Cash might be more expensive for the government, because of tax evasion, corruption and the need to keep recirculation old, spoilt, currency, and enabling transfers, but digital is very expensive for citizens. Most Indians lack the means to use cashless alternatives, irrespective of their desire to do so. India hopes to create a cleaner, more transparent economy via digitalization that will lead to an improved climate for foreign investment, boost economic growth. India is on the verge of massive digital revolution. Towards Digital Economy government initiated launch of 'two new schemes to promote BHIM app, including cash back scheme for merchants; Aadhaar Pay to be launched for people who don't have mobile phones. This will not only help millions of Indians overcome the hassles of dealing in cash to emerge as a truly cashless economy. Demonetization initiative and subsequent drive towards developing a cashless economy and subsequent likely impact as well as in depth analysis, insights and key highlights from experts are all presented in the compiled book entitled 'Cashless Economy in India-Present Scenario, Potential, Prospect and Challenges Ahead' For convenience of readers the book is divided into the following chapters. Chapter-1: Basics of Cashless Economy; Chapter 2: Mobile Wallets and Apps in India; Chapter 3: Government Initiative in Digital Movement; Chapter 4: Cashless Economy-Challenges and Prospects Chapter 5: Pros and Cons of Cashless Economy and Chapter 6: Next Generation Digital Payments Models in India: Present Scenario.
Download or read book Problems and Prospects of Cashless India written by Pankaj Kumar Mandal and published by Educreation Publishing. This book was released on with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objective of this book is to highlight the problems and prospects of cashless India. It explores the factors that may impede India's transformation to a cashless economy and analyzes the country's potential for that transformation. In addition to that, the book captures the actual scenario of cashless payment in contemporary India. It will also provide the readers with a clear conception of cashless society and its payment methods. The book is meant for the common readers and hence technical jargons are avoided.
Download or read book Maintaining Financial Stability in Times of Risk and Uncertainty written by Behl, Abhishek and published by IGI Global. This book was released on 2018-12-04 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risks and uncertainties?market, financial, operational, social, humanitarian, environmental, and institutional?are the inherent realities of the modern world. Stock market crashes, demonetization of currency, and climate change constitute just a few examples that can adversely impact financial institutions across the globe. To mitigate these risks and avoid a financial crisis, a better understanding of how the economy responds to uncertainties is needed. Maintaining Financial Stability in Times of Risk and Uncertainty is an essential reference source that discusses how risks and uncertainties affect the financial stability and security of individuals and institutions, as well as probable solutions to mitigate risk and achieve financial resilience under uncertainty. Featuring research on topics such as financial fraud, insurance ombudsman, and Knightian uncertainty, this book is developed for researchers, academicians, policymakers, students, and scholars.
Download or read book Transformation Towards Cashless Economy An Indian Perspective written by Vijaya Kittu Manda and published by . This book was released on 2019 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the offshoots of 2016 demonetization of Indian high denomination bank currency notes is that the country can progress towards becoming a cashless economy. Several countries around the world are trying cashless transactions in one form or the other for various reasons and with reasonable success. This paper examines the global practices and analyses end-user perception in the Indian context. Data collected from survey is analysed to understand the various problems faced by payment and transaction making consumers. What factors such as (age, gender, occupation, income levels and problems) impact customers to do a transaction in cashless mode? What are the major deterrents for making a cashless transaction? What can various stakeholders such as the public, banks and financial institutions, regulators, central banks and governments do to accelerate India to turn into a fully cashless economy? These are problems are examined and suggestions for the same are provided.
Download or read book India s Readiness for Digital Economy written by Ajit Kumar Roy and published by Createspace Independent Publishing Platform. This book was released on 2017-03-28 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: The digital economy is rapidly developing worldwide as the largest driver of innovation, competition, and growth. Even though many people have been excluded, tremendous opportunities are available for the digital economy to support financial inclusion for sustainable economic development. India could see a boost of $700 billion, an 11.8 per cent increase by 2025. This additional GDP could create up to 21 million jobs. McKinsey has estimated that Indians lose more than $2 billion a year in forgone income simply because of the time it takes travelling to and from a bank India aims to create a cleaner, more transparent economy via digitalization that will lead to an improved climate for foreign investment, boost economic growth, and ultimately propel the country to the next chapter of its emerging markets story. The long-term impact will be a paradigm shift to the digital economy. The biggest hindrance to a digital economy is there being a huge information asymmetry between financial services providers and the consumers. Present Government had launched a major drive for financial inclusion in terms of opening Jan Dhan accounts, giving a statutory basis for Aadhaar, implementation of Directs Benefits Transfer, introduction of RuPay Cards and Voluntary Disclosure Scheme for unaccounted money. Demonetization of 500 and 1000 Rs. notes on 8th November, 2016 was another important milestone in this endeavour. Following demonetization, there has been a spurt in the digital payments across the country and both the volume and amount of money transacted through digital methods saw seen manifold increase since 9th November, 2016. P.M. Modi and his government's ministers have been educating people on how to move towards a cashless society. Economic digitization also increases the government's ability to enhance its taxation systems. India's informal economy is responsible for roughly 45% of GDP and 80% of employment, which means that billions of INR are being exchanged each year without the knowledge tax collectors. Currently, only 1% of India's population pays income tax. Demonetization and subsequent initiatives led to greater utilization of card but we don't have enough people with debit or credit cards, and not enough PoS machines to use them. This is apart from not enough people with mobile connections in India who have an Internet connection, a reliable Internet connection, with handsets that support Indian payment apps, and are active online daily? India is a country where 94% of the population is estimated to be in the unorganized sector which draws its payments in cash and only 10% of the population has ever used non-cash means of payments. The BHIM app has been launched. It will unleash the power of mobile phones for digital payments and financial inclusion. But how ready are we to go cashless? How affordable is it for people to go cashless? Is this country ready for complete virtual banking and removing physical cash out of the system? All these points are the main purpose of the book entitled 'India's Readiness for Digital Economy' with comprehensive statistics of present scenario of infrastructure facilities presented in the following chapters. Ch-1: Vision of Digital India Ch-2: Growth of Telecommunication Usage in India Ch-3: IT & ITe'S Industry in India Ch-4: Initiative for Financial Inclusion through Banking Sectors Ch-5: Post Demonetization Scenario Ch-6: India's Initiative towards Digital Economy The book is designed in the simplest form to understand digital economy and assess related infrastructure scenario of India and to be accessible to the people interested in the area.
Download or read book A Road Map to cashless economy in India written by VIJAYA KRUSHNA VARMA and published by VIJAYA KRUSHNA VARMA. This book was released on 2017-05-09 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cashless economy should be achieved in the phased manner and step by step process instead of forcing it on people overnight without expanding/providing banking infrastructure to every nook and corner of the country, internet connectivity with high speed at cheap rate and unbroken power supply.
Download or read book Turning India Into a Cashless Economy written by Arunava Ghosh and published by . This book was released on 2017 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cashless economy is defin ...
Download or read book Global Challenges and Strategic Disruptors in Asian Businesses and Economies written by Ordóñez de Pablos, Patricia and published by IGI Global. This book was released on 2020-09-25 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic disruptors in companies and economies, including blockchain technology, big data, and artificial intelligence, can contribute to the creation of new business opportunities, jobs, and growth. Research is needed on the impacts of these disruptors in Asia, as well as analyses on new business ecosystems and policy implications. Global Challenges and Strategic Disruptors in Asian Businesses and Economies presents a rich collection of chapters that explore and discuss the state of the art, emerging topics, challenges, and success factors in business, big data, innovation, and technology in Asia. The book explores how the internet of things, big data, and artificial intelligence can provide solutions for global challenges and companies. Including topics on digital economy, strategic management, and information technologies, this book is ideal for managing directors, general managers, corporate heads of firms, politicians, executives, entrepreneurs, academicians, decision makers, policymakers, researchers, and students looking to enhance their understanding and collaboration in business, disruptive innovation, and technology in Asia.
Download or read book Building a Cashless Society written by Niklas Arvidsson and published by Springer. This book was released on 2019-02-22 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.
Download or read book Cashless India Digital Economy written by S. N. Anand and published by . This book was released on 2017 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cashless Less Cash Economy Digitization of Indian Economy written by Biswa Ranjan Mohanty and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studied the views of people on introduction of less cash economy in India.The study was conducted in Dehradun region & data was collected with the help of structured questionnaire and analysed using simple percentage method. Responses from respondents shows that less cash economy will help in curbing black money, counterfeit's fake currency, fighting against terrorism, reduce cash related robbery, helps in improving economic growth of our country. Major challenges that can hinder the implementation of the policy are cyber fraud, High illiteracy rate, attitude of people, lack of transparency & efficiency in digital payment system. The study shows that the introduction of cashless economy in India can be seen as a step-in right direction. It helps in growth and development of economy in India.
Download or read book Cashless Economy in India written by and published by . This book was released on 2020 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cashless India and Digital Economy written by and published by . This book was released on 2018 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Is India Prepared for Cashless Economy written by Syed Azhar and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: India is a developing and fastest emerging economy of the world. With the increasing pace of modernization, the economy is moving to towards globalization concept. Cashless economy enables the curb black money, corruption and boost tax payments by citizens of the country, thereby improving the revenue of the government. The objective of the study is to evaluate the position of cashless economies of the world and challenges in implementation of Cashless intensive economy and further suggest steps for improvement of digital transactions. India is taking initiatives such as “Digital India Programme” to promote digital payments. There are numerous challenges hinder the implementation of cashless economy due to varied demographics of the citizens such as informal business structure, financial condition etc. the study suggest that the government should promote digitalization by creating infrastructure required for digital payments, educate common people and businessmen of digital payment benefits, conduct workshops at rural and urban areas, etc.
Download or read book A Road Map to Cashless Economy in India written by and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cashless economy should be achieved in the phased manner and step by step process instead of forcing it on people overnight without expanding/providing banking infrastructure to every nook and corner of the country, internet connectivity with high speed at cheap rate and unbroken power supply The government should continue the demonetisation program of high valued notes one by one along with making the cashless transactions step by step and from top to bottom i.e; from the super-rich to rich; from the rich to middle class; from high valued goods to low valued goods; from luxury items to essential commodities.
Download or read book Digital India and Cashless Economy written by R. S. Mishra and published by . This book was released on 2018 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt:
