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

Delhi elections: accounting for intangibles away from banal nationalism and hyper nationalism

The party that came into existence on the intangible timeworn issue of corruption, transparency and increasing public investment through public savings is going on winning elections in Delhi with huge margins, consistently rowing the boat between doldrums and high tides. Somewhere between the doldr

How Divyang-friendly and inclusive is Mumbai? Experts discuss

Mumbai, the second largest city in the country, is not very inclusive when it comes to the easy access to the disabled, but it is learning and is in the process of making the life of Divyangs easier. Also, it aims to rehabilitate all slums in five years. Stakeholders came together to discuss

AAP to contest all Maharashtra local elections

Bolstered by Tuesday’s stupendous victory once again in Delhi assembly elections, the Arvind Kejriwal-led Aam Aadmi Party (AAP) has decided to contest all local elections in Maharashtra. “Aam Aadmi Party Maharashtra has decided to fight all forthcoming local elections including M

Trump’s visit may spur two-way trade, defence ties further

Preparation is in full swing for US president Donald Trump’s India visit on February 24-25. This will be his maiden India visit as president. As per the ministry of external affairs press release: “During the visit, President Trump and the First Lady [Melania Trump] will attend official engagem

Kejriwal’s AAP creates history in capital – again

The Aam Aadmi Party (AAP) led by Arvind Kejriwal rewrote the political playbook of the country, by repeating the stunning performance of 2015, as it won 62 of the 70 seats in Delhi assembly, leaving the mighty BJP in single digits again in spite of the latter’s high-decibel, carpet-bombing campaign a



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter