The General Insurance Council has announced a "cashless everywhere" initiative, which will allow policyholders to obtain cashless redressal of claims at all hospitals. How will this help you and how can you file a claim? Watch this video
The two impediments here are getting a preauthorisation from the insurance company takes 6-24 hours, without which the cashless claim does not kick in, and the insurance desk at the hospital handling the claim is usually open for 12 hours and may remain closed on holidays.
Hospital costs are increasing at a rapid rate. Medical inflation is considered to be growing at a faster rate than general inflation. In such a scenario, it is increasingly common for individuals to exhaust their policy limits. A thorough approach to filing a claim can ensure that out of pocket expenses are minimised.
This Budget seems to have aptly synchronised with the government’s idea of ‘Minimum Government, Maximum Governance’.
Digital revolution will truly take place only when the infrastructure for mass public interaction areas like tolls, transit and retail are fully automated and digitized
A year after demonetisation, Maharashtra's first 'cashless village' has more or less switched back to using cash.
The government still needs to address one of the major issues regarding employee benefits that is, the daily meal allowance which was last addressed 2 decades
The initiative is expected to help rural areas embrace cashless transactions. The loans are cashless since they are deposited directly to the loanee's bank account.
Every Valentine‘s Day our phones are flooded with messages on discounts on food, jewellery, gift cards, toys and the list is endless. But an important trend to watch out for in the last few years is the rise of e-shoppers.
Even as temple donations have fallen an estimated 30%-35% in January 2017 due to demonetisation, Gods are now turning cashless with Freecharge, Mobikwik and Paytm.
Railway tickets booked online through Indian Railways‘ IRCTC portal will get marginally cheaper as they will no longer attract a service charge. Sleeper class tickets booked on IRCTC website are issued against a service charge of Rs 20 per transaction, while AC class tickets for Rs 40 approximately.
Sources have told CNBC-TV18 that the IT ministry is also looking to strengthen the existing framework as the government pushes for digital payments.
"With this, India will skip two generations of financial technologies and build something as monumental as China's Great Wall and America's interstate highways," Wadhwa said in his op-ed titled 'What the US can learn from India's move toward a cashless society'.
Receipts of tax on sale of land and buildings, conversion to freehold, development charges from private parties, car parking charges, trade licenses, booking of community centers for weddings, tax on advertisement and registration of R
Giving this information in a release, Finance Minister Capt Abhimanyu said petro cards of Indian Oil and Hindustan Petroleum have been issued to state government drivers for cashless payments for fuel.
The Government's demonetisation drive and subsequent appeal to people to adopt cashless transactions using mobile phones has encouraged them to buy smartphones, said Manu Sharma, Vice-President (Mobile Business), Samsung India.
The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues.
The spat between banks and petrol pumps is likely to blow a hole in Prime Minister Modi‘s digital India dreams. While petrol pumps pan-India have for now deferred their decision to decline debit and credit card payments for fuel sales until January 13, the matter might raise its ugly head again soon.
"Digital transactions will bring in accountability and weed out corruption. The annual budget is worth Rs 17-18 lakh crore, of which around 5-6 lakh crore can be used for creating infrastructure for this purpose," he said at an event at Hindu College here.
After petrol and diesel, buying and paying for cooking gas (LPG) online will get consumers a discount of Rs 5 per cylinder.
Delhi Metro's ambitious drive to turn 10 stations 'cashless' has been grounded against the backdrop of criticism against the move from several quarters including Chief Minister Arvind Kejriwal.
With ten Delhi metro stations going "cashless" from today, Chief Minister Arvind Kejriwal said he will be seeking an inquiry and also look into the files leading to the decision taken "forcefully", an allegation earlier denied by DMRC.
"Instead of toll nakas, there will be RFID censors to enable commuters to pay toll," PWD Principal Secretary Ashish Kumar Singh said.
Defence Minister Manohar Parrikar today said it is not so difficult for Goa to have 50 per cent of cashless transactions, if certain bottlenecks are removed.
The government is understood to be mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30 when the deadline to deposit them in banks expires.