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Niti Aayog Makes Presentation On Digital Payments For House Panel
Indo-Asian News Service | Updated: July 21, 2017 12:21 IST
Highlights
- The presentation highlighted how transformation via digital payments
- Niti Aayog CEO Amitabh Kant made the presentation
- The report is expected to be finalised by the end of August
New Delhi: The Niti Aayog on Thursday made a presentation on the proliferation of digital payments in the country and how it is transforming the Indian economy to the parliamentary Standing Committee on Finance, which is also looking into the November demonetisation measure, official sources here said. The presentation to the Committee, headed by Congress Lok Sabha member M. Veerappa Moily, was made by the Niti Aayog CEO Amitabh Kant, along with other senior officials.
The Committee, which has already taken views of Reserve Bank of India Governor Urjit Patel and senior Finance Ministry officials on the demonetisation of high-value notes, will meet again on July 27, the sources said.
It is expected to finalise its report on the matter by the end of August, he added.
On November 8 last year, the government scrapped Rs 500 and Rs 1,000 notes in a move designed to check black money, counterfeit currency and terror financing. The shortage of currency following the move gave a push to digital transactions in the country.
Also Read: Digital Transactions Declining Since March, Says Report
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
The Committee, which has already taken views of Reserve Bank of India Governor Urjit Patel and senior Finance Ministry officials on the demonetisation of high-value notes, will meet again on July 27, the sources said.
It is expected to finalise its report on the matter by the end of August, he added.
On November 8 last year, the government scrapped Rs 500 and Rs 1,000 notes in a move designed to check black money, counterfeit currency and terror financing. The shortage of currency following the move gave a push to digital transactions in the country.
Also Read: Digital Transactions Declining Since March, Says Report
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Published: July 21, 2017 12:14 IST
NDTV along with MasterCard is launching a multi-platform campaign “Cashless Bano India”, to create digital awareness and educate the masses about digital payment solutions for day to day transactions.
The campaign aims to take the message of a cash free India to the country, all while educating them on the ways and means to do it.
We aim to reach out to people and educate them on:
1). Digital and financial literacy
2). New generation digital payment solutions
3). Enabling merchants and consumers to understand and adopt secured and safe payment Solutions
4). Ease of usage at point of sales
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