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Venkaiah Naidu Pushes For Cashless Economy

The Minister addressed the officers of his Ministry regarding the steps being taken by the Centre for facilitating a cashless economy.
Hyderabad | 30th November 2016
M Venkaiah Naidu, Minister of Information & Broadcasting, Urban Development and Housing & Urban Poverty Alleviation today addressed the officers of his Ministry regarding the steps being taken by the Centre for facilitating a cashless economy and encouraging digital and online transactions.

Speaking to the media, the Union Minister said that the Union government's initiative was an attempt to prevent delays through seamless transactions and end the menace of corruption and black money.

He mentioned that the government's JAM (Jan Dhan, AADHAR & Mobile) initiative would also facilitate the transformation. In this context, he reiterated that Prime Minister's JAM vision would ensure maximum penetration of technology among the masses and empowerment for poor.

He urged all officers to provide counselling to their staff as well to adopt cashless and digital transactions, reducing the role of physical money in day-to-day transactions.

Venkaiah Naidu also mentioned a few platforms available for digital transactions, including the Unified Payment Interface and Mobile Wallets.

A presentation on "Government-Citizen transactions towards a cashless economy" was made by the Team NITI Ayog that was present there.

The presentation was followed by a Question & Answer session, where doubts and queries were answered by the Minister and others in-charge.
filed in:  Money, Economy, Venkaiah Naidu, Administration
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