It’s a great direction that FM has taken. The whole push of direct subsidy transfer will make these new bank accounts (and rupay debit cards) very relevant. Further – the national insurance scheme will be linked to this bank account (the 1 re per month premium will come from this account) will increase the usage. What this will in turn mean is that the number of cash less transactions will increase significantly. Think about small things like paying salaries to the maids and drivers now instead of being in cash will be into bank accounts.
Further, there is a big boost for the corporate sector with the tax policies ( and intent to reduce corporate tax from 30% to 25%).
© Technuter.com News Service
Post-Budget Reaction by Mr. Nitin Gupta, Co-founder & CEO of PayU India
Related Posts :
Simplilearn expands its course catalogue by adding new coursesBangalore, India, June 18, 2014: In an effort to help professionals keep abreast of the c…
Paladion raises $ 10 million in fresh funding to enhance their security intelligence & cloud security platformsBangalore, India, June 18 2014: Paladion, Asia’s leading provider of information risk man…
ONEMi’s reaction on FDI in ecommerceQuote from Founder of ONEMi Abhijit Bhandari on FDI in e-commerce:Presently there are tal…
SR Digital Imaging-Auto Graphics and SSR Enterprises named the first customers for HP Latex 3000 Printers in IndiaNew Delhi, India, June 18, 2014: HP announced the first set of installations of the HP La…
AZB & Partners adopt hosted BlackBerry BES Services and QWERTY SmartphonesNew Delhi, India, June 18, 2014: BlackBerry today announced that AZB & Partners, one …
Subscribe by Email
Follow Updates Articles from This Blog via Email
No Comments