The charges mandated by RBI make all account to account fund transfer models as the cheapest mode of remittance in India. 5.2 Information and Communication Technology based solutions hold the key in promoting financial inclusion in the country. Currently, number of projects using smart card solutions with biometric authentication have been implemented in the country.
We are confronted with an unprecedented degree of uncertainty with respect to the economic impact of the coronavirus crisis. Many challenges will unfold on the road to a new normal, which itself is still distant and undefined.