Various industries are feeling the heat following government’s decision of demonitization of currency and the mobile phone market is no exception. Following a 50% drop in daily revenue, Indian handset makers have proposed the government to allow customers to buy mobile phones with the old Rs 500 and Rs 1,000 notes, according to a latest report from Economic Times.
The recent move by government of demonetizing Rs. 500 and Rs. 1000 notes has led to a slow down across many industries and consumer devices market. The high-value currency which accounts for more than two-third of the cash supply will lead to immediate but temporary contraction in the devices market in Q4 2016, according latest International Corporation (IDC) prediction.
Continue reading “Demonetization to slow down PC, phone sales in India in Q4 2016: IDC”
Prime Minister Narendra Modi’s decision about demonetization has been creating a buzz even weeks after the announcement. A new survey that was conducted through the official PM app has revealed that over 93% of people support demonetization.
Continue reading “PM Narendra Modi app survey reveals over 93% support demonetization”
With an aim to reduce the ongoing cash crunch following the recent demonetization from the government, Reserve Bank of India (RBI) has increased the existing balance limit on all digital wallet.
Continue reading “RBI increases balance limit on digital wallets to Rs. 20,000 per month”
Earlier this week, Paytm rolled out a new feature that allowed customers and merchants to send money from their Paytm wallets to any bank account at a flat fee of 1%. Now the company is allowing money transfer to bank accounts at 0% fee.
Continue reading “Paytm now allows money transfer to any bank account at 0% fee”
