Import of PoS machines temporary: PP Chaudhary -Governance Now

Import of PoS machines temporary: PP Chaudhary

Recent successful example of implementing demonetisation in a month coupled with focus on less cash economy and digital payments has given tremendous push to online digital transactions.

Pratap Vikram Singh | March 1, 2017 | New Delhi

#point of sale #digital payments #PP Chaudhary #Made in India #Make in India #Governance Now

PP Chaudhary

Union minister of state for electronics and IT PP Chaudhary has assured the electronic manufacturers that the import of PoS machines following demonetisation is temporary and would be sorted out soon.

“The imbalance is there. Once you take such a historic decision and the entire country goes for digital payments then you need a lot of (Point of Sale) machines,” Chaudhary said at Digital Transformation Summit 2017 organised by Governance Now.

The minister’s assurance came in response to a query on waiving duty on PoS machines, adversely impacting the Make in India programme and domestic manufacturers.

“In some cases machines are being imported. We have to strike a balance so that Make in India and digital payments should run smoothly,” the minister said.

“It is a temporary phase. In coming days only Make in India and Made in India will be promoted,” he said.

He underlined the importance of government’s ambitious Digital India programme, especially in the wake of fourth industrial revolution.

“The first industrial revolution used water and steam power. The second used electric power to create mass production. Third industrial revolution used electronics and IT to automate production, starting in middle of the last century.

“In fourth industrial revolution the boundaries are blurring between physical, digital and biological boundaries,” he said.

The revolution is powered by billions of smart phones, with unprecedented processing power, storage capacity and access to knowledge.

The emerging technologies including artificial intelligence, IoT, 3D printing and quantum computing offer numerous possibilities and Digital India is a step in tapping these transformational technologies, he said.

“The recent successful example of implementing demonetisation in a month coupled with focus on less cash economy and digital payments has given tremendous push to online digital transactions and multi digit growth has been reported across various digital payment platforms,” the minister said.

The Digital Saksharta Abhiyan, he said, has been underway to educate in IT 50 lakh people across the country. “A new scheme to cover 6 crore households in rural areas in next three years is also in the offing to make people aware of the digital payments,” he said.

Comments

Other News

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in