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

Mumbai issues global tender for 10 mn vaccines

Struggling with rationing and prioritising available supplies amid the acute Covid-19 vaccine shortage, the BrihanMumbai municipal corporation (BMC) has floated a global tender for supply of 1 crore doses, even as it has announced a walk-in vaccination campaign next week for select categories of citizens.

“Focus on percent of population vaccinated rather than numbers”

Expressing regret that despite being the largest producer of vaccines in the world things have fallen apart in India, Ashok Seth, a Padma Bhushan awardee and chairman of Fortis Escorts Heart Institute, has said that the focus needs to be on  percentage and not the number of population vaccinated. 

In Maharashtra, a wave of aid for the needy

In Maharashtra, the epicentre of India’s devastating second wave, several NGOs and civil society organisations have been at work to combat the pandemic – by spreading awareness about precautions, by helping the slum-dwellers book appointment for vaccine, by providing meals to the marginalised a

Daily recovery averages 3.28 lakh cases in 10 days

The cumulative number of Covid-19 vaccine doses administered in the country has crossed the landmark of 17 crore on Monday as the Phase 3 of the nationwide vaccination drive expands further. India is the fastest country to administer 17 crore Covid vaccine doses – China took 119 days and USA 115 days

“UP situation extremely bad, govt hiding data”

India is battling the second wave of Covid-19 and infections are spreading into the interiors of the country, says Dr Anurag Bhadouria, National Spokesperson, Samajwadi Party. It is precipitated by the elections in five states, the Kumbh Mela in Haridwar and also panchayat elections in many states, he says

CoWIN to have new security feature from Saturday

The CoWIN system, the overarching digital platform for citizens seeking appointment for the Covid-19 vaccine, is introducing a new four-digit security code” in the application from Saturday to minimise a peculiar error and subsequent inconvenience to citizens. “It has been notic

Visionary Talk with Dr. Ashok Seth, Padma Bhushan Awardee & Chairman, Fortis Escorts Heart Institute On Tackling Corona



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter