e-RUPI: The method by which beneficiaries will receive funds via a digital payment solution

Context e-RUPI, which was launched on August 2 by Prime Minister Narendra Modi, is an electronic voucher-based payment solution. The new financial tool aims to ensure targeted and leak-free transactions between beneficiaries and governments with the fewest possible intermediaries. e-RUPI is a digital payment solution that is both cashless and contactless. Welfare money will be …

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e-RUPI: New Digital Payment Solution

Context Prime Minister Shri Narendra Modi will launch e-RUPI, a person and purpose-specific digital payment solution, via video conferencing on August 2, 2021 at 4:30 p.m. The Prime Minister has always been a strong supporter of digital initiatives. Several programmes have been launched over the years to ensure that benefits are delivered to their intended …

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Income Tax Raids: What, Who, and How

Context The Income Tax Department raided several offices of the Dainik Bhaskar Group recently, in connection with an alleged case of tax evasion. The raids reportedly took place at the group’s offices in Bhopal, Noida, Jaipur, and Ahmedabad, as well as at the promoters’ residences and offices. According to the publication, mobile phones belonging to …

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Story of Zomato: From Startup to Multi-crore Company

From a small eatery founded to address a ‘hunger’ issue to a massive Indian multinational restaurant aggregator and food delivery company, Zomato’s growth storey exemplifies not only Atmanirbhar Bharat, but also its young startups. Not to mention that Zomato defied traditional Indian food consumption norms. Now, Zomato’s critical mission is to pique investor interest in …

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