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

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the