Thursday 1 December 2016

Centre constitutes a 13 member Committee to prepare roadmap for digital payment systems

 Centre constitutes a 13 member Committee to prepare roadmap for digital payment systems , Centre has constituted a 13 member Committee of Chief Ministers headed by Andhra Pradesh Chief Minister Chandrababu Naidu to promote digital payment systems and also prepare a roadmap in this regard. Apart from Naidu, Odisha Chief Minister Naveen Patnaik, MP Chief Minister Shivraj Singh Chouhan,
Sikkim Chief MInister Pawan Kumar Chamling, Puducherry Chief Minister V Narayanasamy, and Maharashtra Chief Minister Devendra Fadnavis are also members of the committee along with NITI Aayog Vice-Chairman Arvind Panagariya, and NITI Aayog CEO Amitabh Kant.

The high level committee will identify global best practices for implementing an economy primarily based on digital payment and examine the possibility of adoption of these global standards in the Indian context. 

The panel will also outline measures for rapid expansion and adoption of the system of digital payments and shall broadly indicate the roadmap to be implemented in one year. 

It shall evolve an action plan to reach out to the public at large with the objective to create awareness and help them understand the benefits of such a switch over. 

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