Page-2 of Cashless Economy
NHAI launches MyFASTag and FASTag Partner mobile apps
The National Highways Authority of India (NHAI) launched two mobile Apps – MyFASTag and FASTag Partner in to facilitate the availability of FASTags for Electronic Toll Collection (ETC) project. The mobile apps will ease the process, making it possible to ..
Month: Current Affairs - August, 2017
PM launches cashless/less cash township models across 12 states
Prime Minister has launched 81 cashless/less cash townships across 12 states in Nagpur. The 81 townships included 56 in Gujarat and 25 in 11 states including Delhi, Gujarat, Uttar Pradesh, Madhya Pradesh, Maharashtra, Bihar and Chhatisgarh. The model of cashless/less ..
Month: Current Affairs - April, 2017
Government launches Bharat QR code
The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines. It is world’s first interoperable payment acceptance solution launched by Indian Government to move towards less-cash economy. Key facts ..
Month: Current Affairs - February, 2017
Union Cabinet approves ordinance to pay salaries by cheques
The Union Cabinet has approved a draft ordinance to empower states and allow industries to pay workers’ wages digitally, through a direct bank transfer to accounts or by cheque in a bid to encourage cashless transactions. The draft ordinance proposes ..
Month: Current Affairs - December, 2016
Recommendations of Ratan Watal Committee for Digital Payments
The Committee on Digital Payments headed by Ratan P. Watal has submitted its final report to the Union Finance Ministry. It was 11-member committee notified in August 2016 by the Finance Ministry. It was tasked to review existing payment systems ..
Month: Current Affairs - December, 2016
Union Government launches DigiShala TV channel to promote digital payments
The Union Ministry of Electronics and Information Technology (MeitY) has launched a TV channel named ‘DigiShala’ to promote cashless transactions. The channel was launched as part of the ‘Digidhan’ campaign which aims to spread awareness about digital transactions. Key Facts ..