There has been a notable drop in cash withdrawals from banks and ATM branches from its peak post the demonetisation of Rs 500, Rs 1,000 notes, according to a research report by State Bank of India. According to the report, “post demonetisation (i.e. after 30th December), cash withdrawals have been declining rapidly from a peak of Rs 528 billion for the week ended 13th January to Rs 325 billion recently […]

— You’ve heard of crowdfunding — raising funds through donations on the internet — well, get ready for “like” funding. An enterprising new startup in Hong Kong has devised a way of harnessing Facebook “likes” as a way of getting valuable donations to worthy causes and, at the same time, boosting the corporate social responsibility profile of the companies that provide the cash. Called Likefunding.me, the small team in Hong […]