4  BIS central bankers’ speeches  The indirect effects come through a variety of channels. Day to day, they can be hard to see but they do percolate through the economy. In effect, there is a chain that links the investment boom in the Pilbara and in Queensland to the increase in spending at cafés and restaurants in Melbourne and Sydney.
Under this programme and in observance of 75 years of independence, PSOs will adopt 75 villages across the country and convert them into digital payment enabled villages. They will conduct two camps in each of these villages to enhance awareness and onboard merchants in the village for digital payments. 11.