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

Ransomware 2.0 hits India, Europe

Barely a month after the global Wannacry cyber hack, a new variant of ransomware malware has locked systems across several European countries and India. Petya, as cyber researchers call it, uses vulnerability in the Microsoft’s Windows system, and encrypts the computer files. It is understo

Threat still there to Niyamgiri: Green Nobel winner Prafulla Samantra

Prafulla Samantra, a social activist from Odisha has bagged the Goldman Environmental Prize, described as the Green Nobel Prize, for his long struggle to save the Niyamgiri hills from bauxite mining. He received the award in San Francisco in April 2017. He had fought the Niyamgiri issue right up to the Sup

What kind of ally should India consider the US?

What kind of ally should India consider the US?

US action on Hizb chief dampens Kashmiri separatists’ spirits

The USA declaring Hizbul Mujahideen chief Syed Salahuddin as a specially designated global terrorist may not take the sting out of terrorists’ plans in Kashmir immediately but it has given a huge setback to Kashmiri separatists who had always hoped for American intervention in the Indo-Pak standoff o

Music is universal. It has no language: Vani Jairam

Vani Jairam’s childhood dream of becoming a playback singer was realised when veteran film music composer Vasant Desai gave her the opportunity to sing Bole Re Papi Hara and two other songs in the movie Guddi. After that, the multilingual singer went on to sing for eminent music per

Should there be death penalty for those involved in lynching?

Should there be death penalty for those involved in lynching?





Video

मुंबई बम ब्लास्ट के आरोपी की मौत

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter