Digital transactions may cost zero if made through Aadhar: NITI Aayog CEO

Removal of transaction costs can encourage digital payments

by Arjit Singh Bhambra

Aadhar to Aadhar based payment system can reduce the transaction cost for digital transfers to almost zero, according to NITI Aayog CEO Amitabh Kant. Currently, payments made through debit cards attract 1.25-1.50 per cent transaction charge and that through credit cards attract 3.5 per cent charge. Officials both from government and industry believe that since the authentication cost under Aadhar is very reasonable, transactions of even smaller denomination will be viable. Furthermore, removal of transaction costs can encourage financial inclusion in the country.

References
1. http://economictimes.indiatimes.com/news/economy/policy/aadhaar-can-reduce-digital-transaction-cost-to-almost-nil-niti-aayog/articleshow/60499215.cms
CMIE STATISTICS
Unemployment Rate
Per cent
5.0 -0.1
Consumer Sentiments Index
Base September-December 2015
96.0 0.0
Consumer Expectations Index
Base September-December 2015
94.5 0.0
Current Economic Conditions Index
Base September-December 2015
98.2 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Dec 16 Mar 17 Jun 17 Sep 17
New projects 2.33 3.81 2.07 1.02
Completed projects 1.01 1.94 1.14 0.99
Stalled projects 1.13 0.70 2.66 0.64
Revived projects 0.18 0.67 0.30 0.23
Implementation stalled projects 0.82 0.33 0.68 0.61
Updated on: 24 Nov 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Dec 16 Mar 17 Jun 17 Sep 17
All listed Companies
 Income 6.2 10.2 9.8 8.6
 Expenses 6.3 11.9 10.0 9.8
 Net profit 40.3 15.8 -19.7 -17.5
 PAT margin (%) 6.1 6.0 5.3 5.9
 Count of Cos. 4,507 4,438 4,292 2,833
Non-financial Companies
 Income 5.9 11.8 10.4 8.6
 Expenses 7.2 15.6 10.7 8.5
 Net profit 24.5 -2.5 -25.1 -4.6
 PAT margin (%) 6.2 6.2 5.2 6.8
 Net fixed assets 6.9 10.1
 Current assets 2.6 2.3
 Current liabilities 8.8 10.0
 Borrowings 4.8 4.0
 Reserves & surplus 6.3 8.2
 Count of Cos. 3,488 3,439 3,343 2,079
Numbers are net of P&E
Updated on: 24 Nov 2017 8:30PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.2 1.1 6.6
 Expenses 9.9 5.2 1.2 6.8
 Net profit -2.2 1.6 -12.9 20.2
 PAT margin (%) 3.2 3.2 2.9 6.5
 Assets 12.3 9.4 9.6 8.8
 Net worth 9.6 8.7 10.3 8.5
 RONW (%) 6.2 6.1 5.1 9.6
 Count of Cos. 23,895 23,579 20,184 3,629
Non-financial Companies
 Income 9.7 4.3 0.1 6.5
 Expenses 9.3 4.5 -0.6 7.4
 Net profit -2.7 -5.5 11.5 14.3
 PAT margin (%) 2.2 2.1 2.6 6.5
 Net fixed assets 11.6 13.4 15.1 7.3
 Net worth 8.2 7.1 10.6 7.2
 RONW (%) 5.1 4.9 5.4 11.0
 Debt / Equity (times) 1.1 1.1 1.1 0.6
 Interest cover (times) 2.0 1.9 2.0 3.7
 Net working capital cycle (days) 69 67 66 50
 Count of Cos. 19,154 19,053 16,707 2,782
Numbers are net of P&E
Updated on: 15 Nov 2017 2:29PM

Data added for HPI at Assessment prices and HPI at Market prices