Cashless Economy

Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana

December 24, 2016

The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under Lucky Grahak Yojana, winners will be selected on a...

Tripura to opt for cashless payment system in public transactions

December 23, 2016

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...

Government approves ordinance on Payment of Wages Act

December 21, 2016

The union cabinet has approved the ordinance on Payment of Wages Act that relates to the payment of wages. The ordinance facilitates central government administered establishments to pay salaries by cheque or credit salary in employees’ bank accounts. Accordingly, the ordinance will amend Section 6 of the Payment of...

Tata Hospital Mumbai records 100% cashless transaction

December 17, 2016

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...

‘DigiShala’ – 24-hour TV channel for cashless lessons

December 11, 2016

The ministry of electronics and information technology (MeitY) has launched a new TV channel named ‘DigiShala’ to promote digital transactions. DigiShala is a free-to-air channel to educate people about digital payment and encourage people to adopt digital payments in their everyday life. It is made available on DTH service. The...

Vittiya Saksharta Abhiyan launched by Central Government

December 2, 2016

India is witnessing a paradigm shift towards a digital economy and a major financial revolution. In pursuit of its efforts to move towards a cashless economy the Government of India has launched “Vittiya Saksharta Abhiyan” to promote active participation of youth of Higher Educational Institutions to motivate all payers...

Akodara: India’s first Digital Village

November 29, 2016

Akodara, a small village in Sabarkantha district of Gujarat has earned the distinction of becoming the country’s first digital village. The village with a small community of 1200 people has gone completely cashless. The village was adopted and developed by the ICICI foundation as a digitised village. All transactions...

Government constitutes Amitabh Kant Commitee to convert 100% Govt-Citizen Transactions to digital platform

November 26, 2016

The Government has constituted a Committee led by NITI Aayog to enable 100% conversion of Government-Citizen Transactions to the digital Platform. Conversion of transactions to the digital platform is expected to weed out black money and corruption from public life. The committee will be headed by NITI Aayog CEO...

FM asks banks to push for cashless transactions

November 25, 2016

Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian economy increasingly towards digital transactions. Banks have been advised...

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