e-payment targets for ministries and states set
By MYBRANDBOOK
In a bid to gear up the promotional activities pertaining to “Digital India”, the Central Government has allotted e-payment targets to the ministries and states.
Aiming at setting up a cashless economy soon, Union Finance Minister Arun Jaitley has announced a mammoth target of 25 billion transactions by March 2018, i.e. the end of this financial year. For fulfilling this target in a balanced manner, the government has now allotted targets to specific ministries and states depending on their on-ground reach.
Reportedly, ministries with higher social and physical reach have been entitled to higher responsibilities as per the decision.
Under the plan, the Ministry of Road Transport and Highways and the Department of Telecommunications (DoT) have to generate over 5 billion electronic payments in 2017-18. Adhering to the guidelines, FASTag lanes across 360 of the 375 toll plazas on national highways are being installed to enable electronic payments. The Ministry of Railways, the Ministry of Petroleum and Natural Gas, and the Ministry of Labour and Employment are chasing a target of 1.5 to 3 billion transactions each.
The Centre has divided the target among 35 ministries, 29 states, and 7 Union territories.
“For the petroleum ministry, the point of interface will be the petrol pump network; for human resource development it is the educational institutes, and for railways, it will be the stations or the booking counters,” said a government official.
Further, Maharashtra and Uttar Pradesh have to envision a target over 3 billion transactions by March 2018. Tamil Nadu, West Bengal, and Gujarat will be contributing over 1.5 billion transactions each. The Ministry of Electronics and IT, which is supervising this entire exercise, has created an online dashboard to monitor the progress in real-time.
"
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
MATRIX COMSEC PVT. LTD.
QUICK HEAL TECHNOLOGIES PVT. Ltd.
SAFE SECURITY SERVICES PVT. LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...