Arun Jaitley announces slew of measures to promote digital payments

December 9, 2016

New Delhi, Dec 9: A month after Rs 500 and Rs 1000 notes were demonetised, Union Finance Minister Arun Jaitley on Thursday announced a slew of measures to promote the use of digital payments.

ArunThe Finance Ministry announced a total of eleven measures, which it described in detail in a statement released today.

Petrol, diesel purchases

At a press conference held here, Arun Jaitley announced a 0.75 per cent discount on purchases of petrol and diesel (at Central Government Petroleum PSUs) using credit or debit cards, e-wallets and mobile wallets.

Jaitley explained that the government is targeting at least 70 per cent of daily sales to be through cards or e-wallets or mobile wallets, to reduce cash exchange at petrol pumps by nearly Rs 2 lakh crore annually.

On whether such discounts will be provided by the private sector, he said, "it is PSUs which have taken this decision, the private sector has to decide in the world of competition. They are free to sell costlier petrol and face the consequences of the market."

Incentives for rail passengers

People buying monthly or seasonal tickets in suburban railway networks through digital modes will get a 0.5 per cent discount, Jaitley added.

This measure, he said, will be effective from January 1 next year, and the Mumbai suburban railways will be the first to implement it.

He added that passengers who book railway tickets online will receive free accidental insurance cover worth Rs 10 lakh, and that the Railways will provide a discount of 5% on digital payments for railway catering, accommodation, and retiring rooms.

58 per cent out of the nearly 14 lakh railway tickets purchased everyday are bought online. The discount offered now is expected to add another 20 per cent passengers to digital payment methods, Jaitley explained.

"Hence nearly 11 lakh passengers per day will be covered under the accidental insurance scheme," he said.

Public dealings with (central) government departments and PSUs through digital mode will be free of transaction fees and Merchant Discount Rate (MDR) charges, the Finance Minister added.

State Governments, on their part, are being advised that they - and their organisations - should also consider absorbing transaction fees and MDR charges related to digital payments made to them, a Finance Ministry statement said today.

Meanwhile, Public Sector Banks will ensure that merchants don't need to pay more than Rs. 100 per month as monthly rental for Point of Sale terminals, micro ATMs, and mobile Point(s) of Sales, the ministry said.

In addition, public sector insurance companies will "provide incentive(s), by way of discount or credit, upto 10% of the premium in general insurance policies and 8% in new life policies of Life Insurance Corporation sold through the customer portals, in case payment is made through digital means," it added.

RuPay Kisan cards, Point of Sale machines for villagers; discounts on RFID, Fast Tag payments

Arun Jaitley today announced that 4.32 crore villagers who have Kisan credit cards will be issued 'RuPay Kisan cards' by the National Bank for Agriculture and Rural Development.

In addition, two point-of-sale machines will be provided to every village with a population of upto 10 lakh, and 1 lakh villages will be selected for this scheme.

The machines "are intended to be deployed at primary cooperative societies, milk societies or agricultural input dealers to facilitate agri-related transactions through digital means," the Finance Ministry statement said.

This will benefit farmers of one lakh village covering a total population of nearly 75 crore, it added.

Finally, a 10 per cent discount will be provided on payments made using RFID or Fast Tags for at Toll Plazas on national highways. This measure will be effective till the end of March 2017, PTI reported.

In addition to these measures, it was announced earlier today that credit and debit card transactions worth up to Rs 2,000 will be exempt from service tax.

Against the backdrop of demonetisation, the Centre is aggressively promoting digital mode of payments to make the economy becomes less dependent on cash transactions.

"As of November 8 excessive amount of cash and a very very limited amount of digital transaction. There is a cost of transacting in cash and that cost of transacting in cash has to be borne by the economy, it is also be to borne by the political system," Arun Jaitley said today.

"These are costs which are visible, there are cost(s) which are invisible. Excessive cash can also lead a lot of malpractices and therefore in the long run we are using this also as an opportunity to move towards digitisation," he said.

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News Network
February 3,2020

New Delhi, Feb 3: Union minister Prakash Javadekar on Monday said Delhi Chief Minister Arvind Kejriwal had called himself an "anarchist" and there is not much of a "difference between an anarchist and a terrorist".

His remarks come a few days after the Election Commission issued a show cause notice to BJP MP Parvesh Verma for allegedly calling Kejriwal a "terrorist".

Addressing a press conference here, Javadekar raked up the issue of Kejriwal "staying a night at the Moga residence of Khalistan Commando Force chief Gurinder Singh during the Punjab Assembly polls".

"You knew it was a militant's house. Still, you stayed there. How much more evidence do you need?" he said.

"Kejriwal is now asking with a sad face, 'am I a terrorist?' You are a terrorist and there is a lot of evidence to prove that. You yourself had said you are an anarchist. There is not much of a difference between an anarchist and a terrorist," the senior BJP leader said.

Flanked by Delhi BJP chief Manoj Tiwari and Union minister Anurag Thakur, Javadekar said the Aam Aadmi Party (AAP) was supporting Shaheen Bagh, where slogans of "Assam ko azadi", "Jinnah wali azadi" were being raised. "Supporting such slogans is also terrorism".

He alleged that Kejriwal stood with Jawaharlal Nehru University (JNU), where "anti-India slogans were raised, and did not grant sanction to prosecute (those who raised the slogans)".

"On January 26, you threatened that you would stop their prosecution. How much more proof do you need? The people of Delhi now know that you are the chief of liars, you are an anarchist and sympathise with terrorists.

"You are supporting Shaheen Bagh, JNU, the slogans being raised there and all such anarchists...then you are definitely a terrorist. This is your identity, no matter how innocent face you make," he said.

On Thursday, the Election Commission had issued a show cause notice to Verma, the BJP MP from West Delhi, for allegedly calling Kejriwal a "terrorist".

He was earlier barred from campaigning for 96 hours (four days) for making controversial remarks at a poll meet recently.

An emotional Kejriwal had later said it was for the people of Delhi to decide whether they consider him their son, brother, or a terrorist.

"How have I become a terrorist? I've arranged for medicines...did so much for the needy. I've never thought of myself or my family... am ready to give my life for the nation," he had said at a press conference.

Comments

Abdul Gaffar Bolar
 - 
Tuesday, 4 Feb 2020

RSS is a terrorist organization and they made agreement with another terrorist BODO organization.

Fairman
 - 
Monday, 3 Feb 2020

Kejrival or others no need to clarify these goons.

 

Who are these goons to be replied,

They are the worst terrorists on this whole universe.

 

Kerjrival and AAP team,  don't look at these goons, just focus on  your unfinished next work.

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Agencies
May 14,2020

New Delhi, May 14: India may witness the death of additional 1.2-6 lakh children over the next one year from preventable causes as a consequence to the disruption in regular health services due to the COVID-19 pandemic, UNICEF has warned.

The warning comes from a new study that brackets India with nine other nations from Asia and Africa that could potentially have the largest number of additional child deaths as a consequence to the pandemic.

These potential child deaths will be in addition to the 2.5 million children who already die before their fifth birthday every six months in the 118 countries included in the study.

The estimate is based on an analysis by researchers from the Johns Hopkins Bloomberg School of Public Health published in the Lancet.  

This means the global mortality rate of children dying before their fifth birthday, one of the key progress indicators in all of the global development, could potentially increase for the first time since 1960 when the data was first collected.

There were 1.04 million under-5 deaths in India in 2017, of which nearly 50% (0.57 million) were neonatal deaths. The highest number of under-5 deaths was in Uttar Pradesh (312,800 which included 165,800 neonatal deaths) and Bihar (141,500 which included 75,300 neonatal deaths).

The researchers looked at three scenarios, factoring in parameters like reduction in workforce, supplies and access to healthcare for services like family planning, antenatal care, childbirth care, postnatal care, vaccination and preventive care for early childhood. The effects are modelled for a period of three months, six months and 12 months.  

In scenario-1 marked by 10-18% reduction of coverage of all the services, the number of additional children deaths could be in the range of 30,000 plus over three months, more than 60,000 over six months and above 120,000 over the next 12 months.

Coronavirus India update: State-wise total number of confirmed cases, deaths on May 13

The numbers sharply rose to nearly 55,000; 109,000 and 219,000 respectively for scenario-2, which was associated with an 18-28% drop in all the regular services.

But in the worst-case scenario in which 40-50% of the services are not available, the number of additional deaths ballooned to 1.5 lakhs in the three months in the short-range to nearly six lakhs over a year.

The ten countries that could potentially have the largest number of additional child deaths are Bangladesh, Brazil, Congo, Ethiopia, India, Indonesia, Nigeria, Pakistan, Uganda and Tanzania.

In countries with already weak health systems, COVID-19 is causing disruptions in medical supply chains and straining financial and human resources.

Visits to health care centres are declining due to lockdowns, curfews and transport disruptions, and due to the fear of infection among the communities. Such disruptions could result in potentially devastating increases in maternal and child deaths, the UN agency warned.

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News Network
June 13,2020

New Delhi, Jun 13: India's COVID-19 tally on Saturday witnessed its highest-ever spike of 11,458 cases, according to the Union Ministry of Health and Family Welfare (MoHFW).

A total of 386 deaths have been reported due to the infection during the last 24 hours.

The total number of coronavirus cases in the country now stands at 3,08,993 including 1,45,779 active cases 1,54,330 cured/discharged/migrated and 8,884 deaths.

COVID-19 cases in Maharashtra continue to soar with the number reaching 101141. Tamil Nadu's coronavirus count stands at 40,698 while cases in Delhi reached 36,824.

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