TampaChinnodu Posted March 5, 2018 Report Posted March 5, 2018 Digital banking goes slow as people return to cash deals. While 110 crore digital transactions took place in the country in January, TS alone recorded 7.78 crore, which amounts to 2,210 digital transactions for every 1,000 persons, the highest in the country. Hyderabad: Digital transactions in India hit 1.1 billion in January but lag way behind the government’s target of 26 billion by this fiscal end (2017-18). This trend is being attributed to people switching back to cash transactions. The two Telugu states top the country in digital transactions. While 110 crore digital transactions took place in the country in January, Telangana state alone recorded 7.78 crore, which amounts to 2,210 digital transactions for every 1,000 persons, the highest in the country. This is closely followed by Andhra Pradesh, at 1,839 digital transactions for every 1,000 persons, the second highest in the country. Other states which recorded higher digital transactions for every 1,000 persons were Himachal Pradesh (1,532) and Gujarat (1,053. The country-wide average digital transactions for every 1,000 persons was recorded at 23,872. According to provisional data released by the Reserve Bank of India, digital payment transactions increased in volume by 4.73 per cent to 1.11 billion in January from 1.06 billion in December. However, only 14.8 billion digital transactions were undertaken across India from 1 April 2017 to January 2018. This is much below the government’s stated goal of hitting 25 billion digital transactions by this fiscal-end (March 31). To promote digital transactions, the Centre announced in December 2017 that it will bear the MDR (Merchant Discount Rate) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems. Quote
TampaChinnodu Posted March 5, 2018 Author Report Posted March 5, 2018 Quote Digital transactions in India hit 1.1 billion in January but lag way behind the government’s target of 26 billion by this fiscal end (2017-18). No one wants to pay taxes ,, So everyone wants to deal in cash. manalni evadu baagu seyyaledu. Quote
BaabuBangaram Posted March 5, 2018 Report Posted March 5, 2018 enti bangalore kante ekkuva.....idhi nammable la ledhu Quote
perugu_vada Posted March 5, 2018 Report Posted March 5, 2018 Wherever applicable digital transactions cheyali andharu kuda , even in towns Quote
Peacemaker Posted March 5, 2018 Report Posted March 5, 2018 THe loser is those who have regular jobs and pay taxes.....veedu ante andariki lokuve...including govts Tea shops run chesi janalu lakhs sampadistunnaru.....but tax rupayi kattaru...not crying on tea stall fellow...but final ga govt baade baadudu antha tax payer meedane... Quote
boeing747 Posted March 5, 2018 Report Posted March 5, 2018 15 minutes ago, Peacemaker said: THe loser is those who have regular jobs and pay taxes.....veedu ante andariki lokuve...including govts Tea shops run chesi janalu lakhs sampadistunnaru.....but tax rupayi kattaru...not crying on tea stall fellow...but final ga govt baade baadudu antha tax payer meedane... this is true...normal working class valle taxes kattedi...street vendors, small business like kiraana shops, pan shops etc never pay taxes. these guys earn much more than the average middle class worker who pay taxes Quote
TampaChinnodu Posted March 5, 2018 Author Report Posted March 5, 2018 19 minutes ago, Peacemaker said: THe loser is those who have regular jobs and pay taxes.....veedu ante andariki lokuve...including govts Tea shops run chesi janalu lakhs sampadistunnaru.....but tax rupayi kattaru...not crying on tea stall fellow...but final ga govt baade baadudu antha tax payer meedane... Both high class , low class doesn't pay taxes. It is always middle class. Quote
futureofandhra Posted March 5, 2018 Report Posted March 5, 2018 11 hours ago, TampaChinnodu said: No one wants to pay taxes ,, So everyone wants to deal in cash. manalni evadu baagu seyyaledu. Political leaders crores lo scams chesina jail ki vellaru Janalki food kosam kashtapadali Quote
AndhraneedSCS Posted March 5, 2018 Report Posted March 5, 2018 No money in Andhra Banks so the transactions should increase Quote
alpachinao Posted March 5, 2018 Report Posted March 5, 2018 10 minutes ago, AndhraneedSCS said: No money in Andhra Banks so the transactions should increase Pysco bank employees AI vachi eppudu banking sector employees ni replace chesthundo Quote
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