Today is Friday, the day for weekly payment in most of the tea gardens in Assam. Eventually, people had to fall back to the more convenient mode of receiving salaries in cash.” During Union Finance Minister Nirmala Sitharaman’s visit to the state in February 2020, she rapped State Bank of India for the bank’s failure to operationalise bank accounts of …
Cash usage has nearly halved in three years, ATM data has shown, amid fears coronavirus has accelerated the “permanent” decline in notes and coins. Millions of people still rely on cash for their day-to-day spending, experts said while a charity warned the UK is “hurtling towards a cashless society”. Gareth Shaw, from consumer group Which?, said: “While digital payments have …
The government's push for cashless transactions has apparently not made much impact on the trade of election campaign merchandise in Bengal, as currency notes remain the preferred payment mode for poll favourites, such as party flags and t-shirts. Coffee mugs are new items this election year, the traders said, adding, old favourites like key chains don't sell much now. The …
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