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India is trying to promote cashless transactions

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New Delhi-Government is trying to promote cashless transactions as far as practically possible.Digital payments give fillip to financial inclusion. It also enables digital trail of financial transactions leading to better tax compliance and reduces cost maintaining cash. Increased digital transactions will also enable small and micro enterprises to access formal credit.A commercial establishment,industry registered as Merchant is expected to pay to the Acquiring Bank an amount out of their collections based on Merchant Discount Rate (MDR) which shall not be more than 1 % in case of debit cards.This information was given by the Commerce and Industry Minister Smt. NirmalaSitharaman in a written reply in Lok Sabha

Sasikala will be next chief minister of Tamil Nadu

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AIADMK leader VK Sasikala has been elected unanimously as the legislature party leader, paving way for her to take over as the state chief minister of Tamil Nadu. She would be the third woman chief minister of the southern state after late Janaki Ramachandran and J.Jayalalithaa. Her name was proposed by the current Chief Minister O.Panneerselvam. Sasikala is expected to take over as the state chief minister on 9th of this month.

More relaxation in its visa policy for Afghan nationals

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 More relaxation visa policy for Afghans has been announced by Indian embassy in Kabul.The duration of 'Tourist Visa' has been enhanced to one year with continuous stay of 90 days during each such visit.Indian embassy  has also promoted and encouraged Afghan businessmen to visit India to further enhance Indo-Afghan trade ties. 

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