Page 3 - Cash

Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly

Wholesale segment averages Rs 325 crore per day in November

CBDC versus the rest: Can RBI's digital currency replace physical cash?

The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them

Cash turnover up 17% in Nov: In buoyant mkt, trading volume sees recovery

The ADTV for the futures and options segment (both NSE and BSE combined) stood at Rs 147.5 trillion - a gain of 2 per cent MoM

In King Cash's castle: Businesses in disarray, RBI to take a closer look

The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments

Flipkart burns over $3.7 billion cash in about a year till Sep 2022

E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had USD 1 billion in cash in July 2021, which came down to USD 887 million by September 2022. The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart. It is the biggest cash burn in a year by any new-age company in the country, according to industry estimates. A Walmart regulatory filing shows that the company had approximately USD 1.1 billion as of July 31, 2022. "As of July 31, 2022, and January 31, 2022, cash and cash equivalents of USD 3.5 billion and USD 4.3 billion, respectively, may not be freely transferable to the US due to local laws or other restrictions. "Of the USD 3.5 billion on July 31, 2022, approximately USD 1.1 billion can only be accessed through dividends or intercompany financing arrange

Cash-out: Issues with direct benefit transfer's growing ambit

In-kind schemes, introduced in 2017-18, accounted for only 10.8 per cent of total benefits (cash and kind) dispensed under DBT. Today, in-kind transfers account for 60 per cent of total benefits.

Cash is king! Investing strategies to ride out choppy markets

They turn cautious and prefer defensive bets

I-T dept raids Delhi-Haryana pharma and realty cos; seizes cash and gold

Finds links to Hawala sale of medicines to Afghanistan

JetBlue sweetens offer for Spirit, boosts breakup fee, adds cash payment

The revised offer increases JetBlue's reverse breakup fee by $150 million and provides for about $164 million payable as a cash dividend

Cash will always grow, is linked to economic growth: CMS Info Systems chief

In a Q&A, executive vice chairman & CEO Rajiv Kaul dwells on the firm's business structure, growth plans and the future of the ATM industry

We're almost cashless societies, but let's not rush too quickly into future

It isn't the pandemic that's putting this popular means of payment out of existence. All that Covid-19 has done is to accelerate a trend that was already with us

Post demonetisation, notes in circulation on rise; so are digital payments

Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes

Cash going to co-exist with central bank digital currency: Subbarao

Former RBI governor D Subbarao on Monday said there is a strong motivation for the central bank to launch a digital currency and cash is going to coexist with the new-age currency

No cash doles to poor in pandemic was most foolish: Chidambaram

The most foolish decision of central government yet was refusal to give cash doles to the poorest 20-25 per cent of the country's population during the pandemic, P Chidambaram said on Thursday

Cash-driven informal credit market reaches $500 billion in India

While India has a highly under-penetrated formal credit market, it has a very large informal credit market.

BS Number Wise: Cash is king, once again. Should you be worried?

A BS analysis shows that a crisis leads to a higher demand for money, which is complemented by an increase in currency in circulation

Notes in circulation go up due to holding of cash amid pandemic: RBI

Banknotes in circulation witnessed higher than average increase during 2020-21

Consider afresh applications seeking money for emergencies: HC to PMC Bank

The court directed PMC bank to decide afresh about the applications of depositors seeking money for the medical and educational emergencies

Cash is king, digital is divine: RBI talks digitisation post demonetisation

Digital payments in the country have witnessed a growth (CAGR) of 61 per cent, it said

When cash is king

Votes-for-notes no longer only means blandishments of cash and goodies for fence-sitting voters