Cashless society: GK, Current Affairs, Questions, Trivia and News

Umag app launched by Prime Minister Narendra Modi for government services

Prime Minister Narendra Modi has launched Umang mobile application, an integrated platform for government to citizen services, on November 23, 2017. The acronym of Umang stands for ” Unified Mobile Application for New-age Governance”, which has been developed by the Ministry of Electronics and Information Technology (MEITY). Currently, the app will host around 162 services ..

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 ..

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 ..

India first nation to subsidize online payments

India has become the first country in the world to subsidise the use of digital cash after the government announced measures like discounts on online payments for insurance policies, rail tickets and highway toll charges and waiver for service tax on online transactions below Rs 2,000. In countries like US, Sweden and Singapore, the inducement ..

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

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 channel will be airing shows in ..

Vittiya Saksharta Abhiyan launched by Central Government

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 and payees to be embrace cashless ..

Akodara: India’s first Digital Village

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 in the village be it a ..

FM asks banks to push for cashless transactions

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 to focus on alternative banking channels ..