India is working on the #DigitalIndia mission and implementing various schemes by which Indian can enjoy eGovernance facilities and other services over internet. This include the 23 new services under #DigitalIndia. Soon all the departments joined the mission and other schemes such as Web portal for Handlooms , ‘Infracon’ and ‘ePace’ by high way authority.
But only launching these services is not enough without the easy payment options available to the customers and dominate the payments with digital one from cash. The cabinet has approved introduction of steps for promotion of payments through cards and digital means, a move aimed at weeding out black money menace by changing the cash-dominated payment ecosystem.
What is Aim of this decision
As per the official statement the aim of the move is to reduce cash transactions and curb the black money. But this step will definitely promote the various online facilities in Indian Business and help etailers to provide better services.
What is included
The focus The essential features of the proposals for promotion of payments through cards and digital means include
- steps for withdrawal of surcharge or service charge or convenience fee on card payments
- steps for withdrawal of surcharge or service charge or convenience fee digital payments
These charges are currently imposed by various government departments and organisations.
Government is also thinking to take steps to include rationalization of telecom service charges for all the digital transactions, promotion and use of mobile banking and creation of necessary assurance mechanism for quick resolution of fraudulent transactions.
“Promotion of payments through cards and digital means will be instrumental in reducing tax avoidance, migration of government payments and collections to cashless mode, discourage transactions in cash by providing access to financial payment services to the citizens to conduct transactions through card or digital means and shifting payment ecosystem from cash dominated to non-cash or less cash payments,” official said.
When these majors will be applicable
To enjoy these benefits we have to wait some time. This includes ranging from few days upto two years. As the cabinet approved several short term measures to be implemented within a year and medium term measures to be implemented within two years by government and its associated departments