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

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
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

Ajay Singh is president’s press secretary

Ajay Kumar Singh, who has been the editorial director of Governance Now, has been appointed the press secretary of the president of India. The decision was made by the Appointments Committee of the Cabinet headed by prime minister Narendra Modi on Monday. The appointment will be on contract

Amit Shah on India’s languages: What else he said

Home minister Amit Shah’s remark on the need for a single national language has rightly sparked a debate, but the headlines missed much in his speech about language, culture, and identity. Giving away Rajbhasha Gaurav Puraskar and Rajbhasha Kirti Puraskar awards on the occasion of Hin

On A Personal note with musician Apache Indian

Renowned British singer, songwriter and reggae DJ, Apache Indian (originally known as Steven Kapoor) shot to fame with his style of music which came to be known as bhangramuffin (also called bhangragga) – a mix of bhangra, reggaemuffin and traditional dance hall in the early 1990s. His style changed

Traffic fines: Find the sweet spot between penalty and self-goal

When close to five lakh people are killed in road accidents every year in India, road transport minister Nitin Gadkari should have been complimented on his not-so-populist move to impose higher fines for traffic violations. Instead, many people are unhappy and several states – mostly ruled by the BJP

A unique project gives new life to a chaotic Mumbai fishing village

Traditional fishermen or Kolis; synonymous with feasting, song and dance; are the original inhabitants of Mumbai. For generations, they have loved their vocation and prided in it. But their work and lifestyle are facing threats from reclamation, land acquisition by builders, lack of sustainable fishing pra



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter