Digital Transactions

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...

India first nation to subsidize online payments

December 14, 2016

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...

Watal Committee recommendations for a cashless India

December 14, 2016

A 11-member committee set up under former finance secretary Ratan Watal on August 23 to suggest ways of promoting digital transactions in the country has submitted its report to Finance Minister Arun Jaitley. The following are the list of suggested recommendations: The Payments Regulatory Board (PRB) to be formed as...

A Helpline Number ‘14444’ for digital payments support to be launched

December 11, 2016

After the launch of free-to-air ‘DigiShala’ TV channel and ‘CashlessIndia‘ website, a nationwide toll-free helpline number ‘14444’ called Cash Mukt Bharat Abhiyan Helpine number is set to be launched very soon to promote digital payments and to educate people and provide support related to the cashless mode of transactions....

‘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...

Committee of Chief Ministers to examine measures to implement digital payment systems

November 30, 2016

NITI Aayog has constituted a Committee of Chief Ministers with representatives drawn from different political parties to examine measures to implement and promote the use of digital payment systems in the country. The move is to give a fillip to the adoption of digital payments systems by people at...

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...

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