Latest Articles in demonetization
Demonetization & the Hospitality Industry: Let’s change the Way We do Business!
This fast growing industry needs to use this opportunity to re-evaluate and re-assess. This is a disruptive moment for all of us, in not just how we do business, but also in the way consumer spending habits are going to change.
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Demonetization? Opt for Cashless Medical Care with Medi Assist
Medi Assist is making it possible for members to conveniently schedule their preferred medical service online using their MediBuddy mobile app and, importantly, availing all services covered under their health benefits policy in a cashless format.
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Demonetization was a Boon for Hyperlocal Grocery and Food-Tech Sectors While E-tailing and Cabs Suffered a Decline
While Food-Tech and Hyperlocal Grocery sectors have seen a significant increase in their transaction volumes due to their business models encouraging more cashless transactions; e-tailing and Online Cabs have seen a decline due to larger dependency on CoD.
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Demonetization to Digitalisation - A Move Towards Cashless and Transparent Economy
The biggest beneficiary of this demonetization movement will be the FinTech start-ups, digital wallet, and other mobile payment companies.
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Pros and Cons of the Ban on 500 & 1000 Rupee Notes
There is a parallel economy run on Black money and this decision is a massive setback to them. They were given enough time to declare their income but they continued ignoring and not paying Tax for this income.
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26% Citizens Found ATMs Non-Functional While 11% Found Very Long Waiting
29% citizens said they were able to get the cash within 30 minutes while the remaining 34% did not visit an ATM. In the previous week only 8% citizens were able to get the cash in this duration while an identical 34% percent did not have a need to visit ATMs.
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Internet Based Services – Ambit Widened & Foreign Companies to Pay Service Tax in India
Under the amended definition, there shall be two primary enablers for a service to be categorized as ‘OIDAR services’, i.e., the service should be provided via Information Technology (using internet or other electronic network) and there should be an automatic delivery of such service, i.e., with minimal human intervention
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Paytm Aims Rs 400 Cr Worth Retail Store Transactions by Year-End
Within a year of launching its Online-to-Offline (O2O) payment solution, Paytm has emerged as the fastest growing QR Code-based POS network in the country.
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Snapdeal Removes Rs. 2000 Limit Applied to Cash on Delivery Orders
Additionally, Snapdeal and Freecharge had launched "Wallet on Delivery" within 24 hours of the demonetization. The crucial impact of this was that customers who did not have ready access to usable currency notes, could simply pay using their FreeCharge wallet at the point of delivery.
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Wallets, Big Ecomms Rejoice But Startups Dealing By COD Slow Down
It’s always the small guys that will suffer. Regardless of PM Modi and many praising the move, his surprise lock down on banks, ATMs and the demonetization of the 500 and 1000 rupees notes will affect the companies who are just getting on their feet.
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