Cashless

Tripura to opt for cashless payment system in public transactions

Tripura Government has decided to opt for cashless payment system in public transactions beginning this New Year. To this effect, the government has initiated the process of opening bank accounts including RuPay cards for nearly 20% people who does not have bank accounts till now. Similarly, opening of bank accounts by tea workers is also carried out at a full swing. The government expects to make all transactions in state government departments in digital mode beginning this New Year. The state government is also improving infrastructure at various levels including the government medical college and hospital to help patients make digital transactions.

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Tata Hospital Mumbai records 100% cashless transaction

Tata Memorial Centre Cancer Hospital in Mumbai, has achieved 100% cashless transaction through the use of exclusive hospital-specific pre- paid Smartcard. Apart from offering the facility to make cashless payments, the Smartcard also gives the patient access to treatment record by registering the MRD / EMR number. In the government sector, the hospital has become the first hospital of its kind to offer all transactions in digital mode for treatment, investigation, management. The Smartcard is a pre-paid which is made accessible to the patients (both in-patient and out-patient) without any extra charges. Tata Memorial Centre Cancer Hospital functions under the aegis of Department of Atomic Energy.

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Central Government to launch plastic currency notes

Central Government will soon launch plastic currency notes in place of paper notes to deal with counterfeiting. The bank notes will be made of plastic or polymer substrate for which the process of procurement has been initiated.

It was in February 2014 that the government had informed the Parliament that it plans to introduce 1 billion plastic notes Rs. 10 denomination in a field trial in 5 cities which have selected on basis of climatic and geographic diversity. The five cities which have been selected are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar.

The average lifespan of plastic notes is about five years and are relatively difficult to imitate. Furthermore, the currency notes which are made of plastic are cleaner. Australia was first to introduce them to tackle counterfeiting.

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