The new bill's 'bail-in' provision implies that account holders can lose control of their money in case the bank’s financial situation goes for a toss.
Under the pilot project, six video screens have already been deployed at Mumbai’s Chhatrapati Shivaji Maharaj Station (CSTM) by GCI, and they will lend passengers a visual insight into the annals of Railways history.
The biggest beneficiaries of demonetisation perhaps have been mobile wallet companies. With India currently having a smart phone user base of over 300 million and increasingly cheaper data plans – mobile wallets are doing very well.
The residents of Vondaraguppe, a village in the Ramanagara district of Karnataka have transitioned to a cashless system, making itself the first such village in the region.