Union Government constitutes Amitabh Kant Committee to push cashless transactions
Free Current Affairs to Your Email
Posted on:26 Nov 2016 18:17:43
26 November 2016 Current Affairs: The Union Government has constituted a new committee to form a strategy to expedite the process of transforming India into a cashless economy. The committee will be headed by Niti Aayog CEO Amitabh Kant. It has been tasked with identifying various bottlenecks affecting access of digital payments.
Identify and operationalise in the earliest possible time frame user-friendly digital payment options in all sectors of the economy. Identify various digital payment systems appropriate to different sectors of the economy and coordinate efforts to make them accessible.
Engage regularly with Central ministries, state governments, regulators, local bodies, district administration, trade and industry associations to promote adoption of digital payment systems. Estimate costs involved in various digital payments options and oversee implementation of measures to make such transactions between citizens and government cheaper than cash transactions. Implement an action plan on advocacy, awareness and hand-holding efforts among public-, micro-enterprises and other stakeholders.
The committee was set up following a directive from the Prime Minister’s Office (PMO) to back up the demonetisation move. The Union Government is working towards moving all government transactions to the cashless mode, through a new single window e-payment system that businesses or individuals can use to make payments to any central or state department.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.