In an interview with CNBC-TV18's Kevin Lee, Visa Group Country Manager TR Ramachandran said that India can reduce its cost of cash to 1.3 percent of GDP by 2025 from the current 1.7 percent and save around Rs 4.7 lakh crore by shifting to more digital means of payment.
"There are lot of people who are unable to transact online because they don't have a debit or credit card. Through this partnership, we are enabling Oxigen wallet to generate a virtual Visa pre-paid card whenever they want an online transaction," Oxigen Services Chairman and Managing Director Pramod Saxena told agency.
The apt way to go about it is by ensuring that your child is holistically protected against all unavoidable circumstances of life is to identify and plan to protect the child through each of his/her life stages.
Budget 2010-11 is round the corner. In the last year's budget announcement, some significant changes were made to the taxation of insurance and saving instruments.