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Last year, the Finance Ministry constituted a committee under the chairmanship of the former Finance Secretary, Mr Ratan P Watal, to review the framework related to Digital Payments. The committee submitted its report last month ahead of schedule probably in … Continue reading →

After the demonetization of Rs 500 and Rs 1000 currency on November 8, 2016, we have all been discussing cashless and less cash digital payment systems. Presently there are several options beyond the Cheques, NEFT, RTGS ,IMPS as well as … Continue reading →

Naavi.org has been from time to time bringing to the attention of the public the urgent need for RBI to issue a confirmatory circular regarding the “Limited Liability” it proposed through a draft circular No RBI/2016-17/DBR. No. Leg. BC/09.07.005/2016-17. In … Continue reading →

Recently there is some discussion on whether in the current context of multiple digital payment systems being in place, the “Mobile Wallets” have lost their relevance. Economic Times carried an article recently  which declared “Here is why the flavour of … Continue reading →

I refer to the article “Here is how the Currency Shortage can vanish in a jiffy with “Digi-Real Currency” in which a solution to meet the current crisis of shortage of currency notes was discussed. One of the amendments that RBI … Continue reading →