Steps have been taken to tackle black money: Amitabh Kant

Focus is on poor, middle class and merchants so that they start using digital payments

GN Bureau | December 15, 2016


#Amitabh Kant   #NITI Aayog   #banking   #cashless   #Rs 1000   #Rs 500   #currency   #demonetisation   #Reserve Bank of India   #RBI   #black money  
Amitabh Kant, CEO NITI Aoyog
Amitabh Kant, CEO NITI Aoyog

The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday.

Addressing a press conference, Kant said that there has been a spurt in digital payments since demonetisation.

“All government departments are now moving towards digital payments,” he said. “Our focus is on poor, middle class and merchants, whom we want to start using digital payments,” he added.

Kant announced two schemes - Lucky Grahak Yojana and Digi Dhan Vyapari Yojana to spur digital payments. He described it as Christmas gifts for the nation. NPCI will announce 15,000 winners of Rs 1,000 each for next 100 days, starting from Christmas Day.



“Our objective is to make the digital payment mode a mass movement,” he said.

The union cabinet had approved a slew of initiatives in February 2016 to encourage digital payments and a transition to less-cash economy in a strategic manner.

The government had launched a major drive for financial inclusion in terms of opening Jan Dhan accounts, giving a statutory basis for Aadhaar, implementation of directs benefits transfer, introduction of RuPay Cards and voluntary disclosure scheme for unaccounted money.

Following demonetisation, there has been a spurt in the digital payments across the country and both the volume and amount of money transacted through digital methods has seen manifold increase since November 9.



 

Comments

 

Other News

Why civilization is a precarious thing

The Decline of Hindu Civilization: Lessons from the Past By Shashi Ranjan Kumar Rupa Publications, 416 pages, Rs 995

End of an era: BJP poised to rule Mumbai after 25 years

The BJP-led Mahayuti alliance was set for a decisive victory in the Maharashtra municipal corporation elections, consolidating its dominance across Maharashtra’s urban landscape. As per the latest trends from the vote counting on Friday afternoon, the state`s ruling coalition was leading in 19 of the

Startup India initiative: A decade of building India’s innovation backbone

* With over 2 lakh DPIIT-recognised startups as of December 2025, India stands firmly as one of the world’s largest startup ecosystems. * A decade of Startup India has built a full-lifecycle support system spanning ideation, funding, mentorship, and scale-up. * Around 50% of DPIIT-r

How toll policies are redefining the highway journeys

With the phenomenal growth in National Highways, queues at toll plazas used to affect commuters. However, over the last decade, tolling has undergone a major technological transformation, bringing faster movement and significant ease for road users. Building on this progress, year 2025 saw further people-c

From vulnerabilities to empowerment: Building resilience for small and marginal farmers

India’s small and marginal farmers are at the centre of a paradox in agrarian economy. They are the backbone of the food economy, but they are the most vulnerable stakeholders within agricultural economy. Among the 126 million farmers in India today, nearly makes 86% operate on small and marginal hol

Concerns over Mumbai air pollution ahead of Marathon

Environmental organisation Awaaz Foundation has flagged serious concerns over deteriorating air quality in Mumbai and the potential health risks it poses to participants of the Tata Mumbai Marathon scheduled for January 18. It has urged civic and pollution control authorities to conduct advance air quality


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter