Download or read book The Impact of Demonetization on Digital Payment Transactions written by Sahil Manocha and published by . This book was released on 2019 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital payments or e-payments are a way through which, a payer and payee can made payments electronically. Here, both payer and payee make use of digital modes to perform any sort of transactions. Digitalization of the economy leads to transparency, accuracy, reliability and security for the Users, Consumers and the Economy. A cashless economy is the one in which large number of population use the digital methods of transactions for making and receiving payments. Through cashless methods of transacting in the economy, anyone can transfer money from one point to another point easily and conveniently without any loss of extra energy and efforts, as these methods are fast and efficient. Variety of Digital payments methods are available these days that include UPI apps, AEPS, cards, E-wallets, Internet banking, NEFT, RTGS, mobile transactions and many other. The Digital India Programme by Government of India was initiated with the vision to transform the country into digitally emancipate and cultivated society. Since then it started rising but the substantial increase in digital payments were found after demonetization. The e-payments have started building the momentum and showed notable increase. The paper focuses on the comparison among various digital payment options and it also tries to project the light over the need and importance of digitalized economy in terms of financial transactions and helps to change the rationale of the citizens of the country towards various different modes of cashless transactions especially after the demonetization took place in the economy in the year 2016. It also attempt to analyze the digital payment transactions in terms of NEFT, RTGS and Mobile transactions using paired sample t-test. The analysis was undertaken using IBM SPSS 21 on past 30 months of data starting from September 2015 to February 2018, taken from Reserve Bank of India.
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 Impact of Mobile Payment Applications and Transfers on Business written by Opati, Thaisaiyi Zephania and published by IGI Global. This book was released on 2019-12-20 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers continue to rely heavily on their phones to complete such tasks as transferring funds between banks or accounts, depositing or withdrawing funds, paying bills, and purchasing items. Mobile money users are oftentimes more financially resilient and can protect themselves better against economic and other shocks. Moreover, mobile money can increase the velocity of money in circulation because it reduces the transactions and time costs of making retail payments. As such, understanding the impact of mobile payments is imperative for businesses and the economy. Impact of Mobile Payment Applications and Transfers on Business is a pivotal reference source that provides vital research on mobile money transfer and its impact in social, corporate, and micro- and macro-policies concerning the aggregate economy and individual households as a whole within an economy. It covers the impact, innovations, business-to-business transformations, regulatory framework, challenges, and ethical issues surrounding mobile money transfers around the world. This book is ideally designed for economists, financial analysts, business managers, leaders, scholars, practitioners, researchers, and students in fields that include management, finance, economics, commerce, and leadership.
Download or read book An Analysis on the Rise in Digital Transactions in India written by Rajat Rajesh Narsapur and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Transactions and Payments are transparent and non-repudiable. This provides a way for a consumer to install trust within the system of Digital Payments. India is the second most populous country in the world, and hence it is important to look at the existing setup of Digital Payment Systems and the response by the users in terms of volumes of transactions that have been settled. This paper discusses the different types of digital payment systems in India and the rise of transactions through the Digital Medium. The paper draws the impact of Demonetization of Five Hundred and Thousand Rupee notes towards the rise of Digital Payments in India. The paper analyzes the amount of transactions through digital modes in the recent years. The paper concludes with the challenges and the impact of COVID-19 on Digital Payment Systems.
Download or read book India Transformed written by Rakesh Mohan and published by Brookings Institution Press. This book was released on 2018-09-25 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
Download or read book Introduction of Demonetisation and Changes in Cashless Transaction in India written by Radha K. and published by . This book was released on 2020 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: An attempt has been made to study the introduction of Demonetisation and the changes taken place in cashless economy. Demonetization is the act of stripping a currency unit of its status as legal tender. It is an attempt to lower the cash circulation and increase the digital payment in India. The effect of taking out of money in shorter duration will have its implications in various sectors. The sudden announcement of demonetisation has affected the purchasing power. This research paper is trying to analyse the impact of demonetisation on cash less economy.
Download or read book Building Information Modeling written by André Borrmann and published by Springer. This book was released on 2018-09-19 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building Information Modeling (BIM) refers to the consistent and continuous use of digital information throughout the entire lifecycle of a built facility, including its design, construction and operation. In order to exploit BIM methods to their full potential, a fundamental grasp of their key principles and applications is essential. Accordingly, this book combines discussions of theoretical foundations with reports from the industry on currently applied best practices. The book’s content is divided into six parts: Part I discusses the technological basics of BIM and addresses computational methods for the geometric and semantic modeling of buildings, as well as methods for process modeling. Next, Part II covers the important aspect of the interoperability of BIM software products and describes in detail the standardized data format Industry Foundation Classes. It presents the different classification systems, discusses the data format CityGML for describing 3D city models and COBie for handing over data to clients, and also provides an overview of BIM programming tools and interfaces. Part III is dedicated to the philosophy, organization and technical implementation of BIM-based collaboration, and discusses the impact on legal issues including construction contracts. In turn, Part IV covers a wide range of BIM use cases in the different lifecycle phases of a built facility, including the use of BIM for design coordination, structural analysis, energy analysis, code compliance checking, quantity take-off, prefabrication, progress monitoring and operation. In Part V, a number of design and construction companies report on the current state of BIM adoption in connection with actual BIM projects, and discuss the approach pursued for the shift toward BIM, including the hurdles taken. Lastly, Part VI summarizes the book’s content and provides an outlook on future developments. The book was written both for professionals using or programming such tools, and for students in Architecture and Construction Engineering programs.
Download or read book Note Bandi written by R. Ramakumar and published by Oxford University Press. This book was released on 2018-02-16 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money, and usher in a less-cash economy. This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people, and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic & Political Weekly.
Download or read book Who Moved My Interest Rate written by Duvvuri Subbarao and published by Penguin UK. This book was released on 2017-07-24 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insider's view of the Reserve Bank of India Duvvuri Subbarao's term as the governor of the Reserve Bank of India from 2008 to 2013 was an unusually turbulent period. The global financial crisis erupted; India was in the throes of a decade-high, stubborn inflation rate, followed by a sharp depreciation of the rupee. This was also a time when questions about the breadth of the RBI's mandate, autonomy and accountability became subjects of debate in financial circles and in the media at large. Who Moved My Interest Rate is an authoritative account of the dilemmas and quandaries he confronted while leading the Reserve Bank through these extraordinary economic and political challenges.
Download or read book History in a Post Truth World written by Marius Gudonis and published by Routledge. This book was released on 2020-10-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: History in a Post-Truth World: Theory and Praxis explores one of the most significant paradigm shifts in public discourse. A post-truth environment that appeals primarily to emotion, elevates personal belief, and devalues expert opinion has important implications far beyond Brexit or the election of Donald Trump, and has a profound impact on how history is produced and consumed. Post-truth history is not merely a synonym for lies. This book argues that indifference to historicity by both the purveyor and the recipient, contempt for expert opinion that contradicts it, and ideological motivation are its key characteristics. Taking a multidisciplinary approach, this work explores some of the following questions: What exactly is post-truth history? Does it represent a new phenomenon? Does the historian have a special role to play in preserving public memory from ‘alternative facts’? Do academics more generally have an obligation to combat fake news and fake history both in universities and on social media? How has a ‘post-truth culture’ impacted professional and popular historical discourse? Looking at theoretical dimensions and case studies from around the world, this book explores the violent potential of post-truth history and calls on readers to resist.
Download or read book Liberal Studies written by Manpreet Sethi and published by IndraStra Global e-Journal Hosting Services. This book was released on 2017-12-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Liberal Studies journal is a trans-disciplinary bi-annual journal of the School of Liberal Studies, Pandit Deendayal Petroleum University, INDIA. Each issue of the journal amalgamates research articles, expert opinions, and book reviews on various strands with an endeavor to inquire the contemporary world concerns. Vol. 1, Issue. 2, July-December, 2016 ISSN 2688-9374 (Online) ISSN 2455-9857 (Print) OCLC No: 1119390574
Download or read book Digital Transactions in Asia written by Adrian Athique and published by Routledge. This book was released on 2019-03-07 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive overview of transactional forms of the digital across the Asian region by addressing the platforms and infrastructures that shape the digital experience. Contributors argue that each and every encounter mediated by the digital carries with it a functional exchange, but at the same time each transaction also implies an exchange based on social relationships for the digital age. In capturing the digital revolution through case studies of economic, informational, and social exchanges from across the larger Asian region, the book offers a richly contextualized and comparative account of the pervasive nature of the digital as both a medium for action and a medium of record.
Download or read book Credit Constraints as a Barrier to Technology Adoption by the Poor written by Xavier Gine and published by World Bank Publications. This book was released on 2005 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "It is generally recognized that the adoption of a new technology plays a fundamental role in the development process. However, the benefits from the introduction of the technology may be unevenly distributed among the population, especially if the markets do not function properly. While the microeconomic literature on technology adopted and diffusion focuses on "who" and "when," the macroeconomic literature has focused on the overall impact of globalization on inequality. In this paper the authors bring these two strands of the literature together by studying the diffusion of plastic reinforced fiber boats in a fishing village in Tamil Nadu and by analyzing the dynamics of income inequality during this process. " -- Cover verso.
Download or read book The Sustainable Fintech Revolution Building a Greener Future for Finance written by Singh, Kuldeep and published by IGI Global. This book was released on 2023-09-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fintech industry has transformed the way individuals handle their finances, conduct transactions, and access financial services over the past decade. With increased efficiency and cost-effectiveness, fintech has emerged as one of the most profitable industries globally. However, the growth of fintech also presents an opportunity to promote sustainability and social responsibility in the financial sector. Fintech can contribute to financial inclusion, reduce economic disparities, and advance sustainable development goals through the integration of technology. The Sustainable Fintech Revolution: Building a Greener Future for Finance explores how fintech can be used to promote sustainability in the financial industry. This book provides a comprehensive overview of the fintech ecosystem and its potential for advancing sustainability goals, including case studies of companies that have integrated sustainability into their business models. It also offers insights and recommendations for policymakers, regulators, financial institutions, and fintech companies on how they can promote sustainability in the financial industry. This book is ideal for academics and researchers in finance, technology, sustainability, and development studies, as well as practitioners in the fintech industry, policymakers and regulators, and non-governmental organizations (NGOs) working on sustainable finance and development issues.
Download or read book Cash Use Across Countries and the Demand for Central Bank Digital Currency written by Mr.Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2019-03-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card—not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference for cash substitutes (cards, electronic money, mobile phone payments). Where cash use is very high, demand should be stronger, due to a lack of cash substitutes. As the demand for CBDC is tied to the current level of cash use, we estimate the level and trend in cash use for 11 countries using four different measures. A tentative forecast of cash use is also made. After showing that declining cash use is largely associated with demographic change, we tie the level of cash use to the likely demand for CBDC in different countries. In this process, we suggest that one measure of cash use is more useful than the others. If cash is important for monetary policy, payment instrument competition, or as an alternative payment instrument in the event of operational problems with privately supplied payment methods, the introduction of CBDC may best be introduced before cash substitutes become so ubiquitous that the viability of CBDC could be in doubt.
Download or read book E Banking in India written by Rimpi Jatana and published by . This book was released on 2007 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK Finland was the first country in the world to have taken a lead in E-banking. In India, it was ICICI Bank which initiated E-banking as early as 1997 under the brand name Infinity. Electronic banking (E-banking) is a generic term encompassing internet banking, telephone banking, mobile banking etc. In other words, it is a process of delivery of banking services and products through electronic channels such as telephone, internet, cell phone etc. The concept and scope of E-banking is still evolving. E-banking facilitates an effective payment and accounting system thereby enhancing the speed of delivery of banking services considerably. While E-banking has improved efficiency and convenience, it has also posed several challenges to the regulators and supervisors. Several initiatives taken by the Government of India as well as the Reserve Bank of India (RBI) have facilitated the development of E-banking in India. The Government of India enacted the IT Act, 2000 with effect from October 17, 2000, which provides legal recognition to electronic transactions and other means of electronic commerce. The RBI has been gearing up to upgrading itself as a regulator and supervisor of the technologically dominated financial system. It issued guidelines on risks and control in computer and telecommunication system in February 1998 to all the banks advising them to evaluate the risks inherent in the systems and put in place adequate control mechanisms to address these risks, which can be broadly put under three heads, viz. IT environment risks, IT operations risks and product risks. The existing regulatory framework over banks has also been extended to E-banking. It covers various issues that fall within the framework of technology, security standards and legal and regulatory issues. This book contains 12 articles by scholars specialising in the area of banking. It will be useful for all those who want to understand recent technological developments in Indian banking.
Download or read book The Macroeconomics of De Cashing written by Mr.Alexei P Kireyev and published by International Monetary Fund. This book was released on 2017-03-27 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.
