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Digital Payments Index

PT Cards 21-Jan-2022

According to the 'Reserve Bank of India-Digital Payments Index', digital payments have increased from 270 in March 2021 to 304.06 in September 2021. This index was launched in January 2021 to indicate the extent of digitalization of payments across the country. This indicates rapid adoption of digital payments.

Issue of GST compensation

Current Affairs 21-Jan-2022

Implementation of the Goods and Services Tax (GST) in India was a grand experiment in cooperative federalism in which both the Union and the States joined hands to rationalise cascading domestic trade taxes and evolve a value-added tax on goods and services.

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