Wed, Mar 29, 2017 | updated 10:42 PM IST

Digital payment the future of financial transactions: Arun Jaitley

Updated: Nov 28, 2016 19:05 IST

New Delhi [India], Nov.28 (ANI): Asserting that hard cash in India would become obsolete in the near future, Union Finance Minister Arun Jaitley on Monday said that digital payments like e-wallet system and mobile banking would rule the roost which would immensely benefit the people.

"In future, the proportion of hard currencies in India is set to become less just like the other developed nations. Digital payments are the future of financial transactions," Jaitley said at the Punjab National Bank app launching ceremony held here.

He also said that there is a room for cutting the service charge on the use of debit and credit cards once it's volume of usage increases.

"The payments made by cards where service charge is currently high, which has been waived off till 31st December, would consequently become low once the volume of debit cards usage increases," Jaitley said.

The renewed push for digital payments from the government came after Prime Minister Narendra Modi directed his senior ministers to enlighten the people about merits of using e-wallets and other digital payment methods.

According to government sources, the Prime Minister asked his ministers to start the promotion of cashless economy with their own staffs followed by their ministry and then constituency to appeal to larger masses.

Finance Minister Arun Jaitley also spoke to Bihar Chief Minister Nitish Kumar amongst the others to form a sub-committee to give impetus to a cashless economy.

In the 26th edition of Mann Ki Baat programme, Prime Minister Modi said, "I know cashless economy is different. Why not move towards a cashless society? Need your physical support in this. I took this decision for the country's poor, farmer, labour, deprived and for those who are suffering. I reiterate that I need your support; I am positive that you will help me in this; take a pledge that you will be a part of this cashless economy." (ANI)

TVF CEO Arunabh Kumar booked for molestation

Updated: Mar 29, 2017 22:40 IST

Mumbai (Maharashtra) [India], Mar. 29 (ANI): A case of molestation was filed against the 'The Viral Fever' CEO Arunabh Kumar on Wednesday following the complaint of a victim at the Maharashtra Industrial Development Corporation (MIDC) Police Station.

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Raipur (Chhattisgarh) [India] Mar. 29 (ANI): Chhattisgarh Chief Minister Raman Singh today announced the implementation of Seventh Pay Commission for state government employees.

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New Delhi [India], Mar. 29 (ANI): Striding out confidently from the Parliament after the Goods and Services Tax (GST) Bill was finally passed, Finance Minister Arun Jaitley on Wednesday said the passage of the bill in the House was history is in the making, adding that the country will witness transforming into a new system of indirect taxation.

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New Delhi [India], Mar. 29 (ANI): With the Lok Sabha passing the Goods and Services Tax (GST) Bill today, Revenue Secretary Hasmukh Adhia applauded the GST council members' efforts that led to bearing fruit in terms of four classic pieces of legislations.

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New Delhi [India], Mar. 29 (ANI): The Lok Sabha today passed four key Goods and Services Tax Bills, rejecting amendments moved by the opposition. The Bills are related to Central GST, Integrated GST, UT GST and GST Compensation.

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New Delhi [India], Mar. 29 (ANI): Ahead of the upcoming Municipal Corporation of Delhi (MCD) elections, Congress leader Shashi Tharoor on Wednesday asserted that his party will be approaching the people of Delhi soon with a positive agenda and unprecedented professional manner.

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New Delhi [India], Mar. 29 (ANI): Condemning the Finance Bill which was passed today, the Congress said that the Bharatiya Janata Party (BJP) was acting headstrong in the matter and not heeding the Opposition, adding that the amendments are against the economy.

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Thane: Local goon nabbed for attacking doctors

Updated: Mar 29, 2017 20:34 IST

Mumbai (Maharashtra) [India], Mar. 29 (ANI): The Thane Police on Wednesday arrested the accused who had attacked two doctors of the Thane Civil Hospital.

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New Delhi [India], Mar. 29 (ANI): Delhi Lieutenant-Governor Anil Baijal on Wednesday directed the Chief Secretary to recover Rs. 97 crore spent on advertisements from the Aam Aadmi Party (AAP) for advertisements projecting Chief Minister Arvind Kejriwal and the party, in violation of the Supreme Court guidelines.

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Srinagar [India], Mar. 29 (ANI): A police party which was deployed to handle the locals who were stone pelting, were fired upon by terrorists in Kulgam's Madibugh Yaripora in Jammu and Kashmir today.

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New Delhi [India], Mar. 29 (ANI): Expressing unhappiness over the government's 'immoral' Finance Bill which was passed today, Communist Party of India (Marxist) (CPI-M) general secretary Sitaram Yechury, however, expressed satisfaction that the Centre had been defeated by the Rajya Sabha on four of the amendments.

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Lucknow (Uttar Pradesh) [India], Mar 29 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday said both Surya Namaskar practised by Hindus and Namaz practised by Muslims have similarities.

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New Delhi [India], Mar. 29 (ANI): The Enforcement Directorate on Wednesday attached over Rs. 17 Lakhs that was allegedly received by certain residents of Jammu and Kashmir from the Hizbul Mujahideen outfit to transfer to other terrorists.

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New Delhi [India], Mar. 29 (ANI): Hailing the Delhi High Court's order to re-open five cases pertaining to the 1984 anti-Sikh riots, the Bharatiya Janata Party (BJP) on Wednesday dubbed the tragic incident it as a 'state-sponsored terror' unleashed by the Congress party and their goons on the innocent Sikhs of Delhi.

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New Delhi/Varanasi [India], Mar 29 (ANI): After the recent violence in Budgam that witnessed incidents of stone pelting, in which three civilians were killed and 60 security personnel were injured, Congress leader Digvijaya Singh on Wednesday said that the grand old party never politicises any issue related to national security.

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New Delhi [India], Mar. 29 (ANI): The Centre has informed that that India remains engaged with the Nuclear Suppliers Group (NSG) and individual members at the appropriate levels to seek membership of the elite group.

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Lucknow (Uttar Pradesh) [India], Mar. 29 (ANI): Uttar Pradesh Deputy Chief Minister Dinesh Sharma on Wednesday said that implementation of Sanskrit Board in Uttar Pradesh education system will enlighten students ethically and therefore develop their mindset.

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Kolkata [India], Mar. 29 (ANI): The West Bengal Police on Wednesday arrested three persons in connection with trafficking illegal arms.

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New Delhi [India], Mar.29 (ANI): Lok Sabha took up discussion on the four bills related to GST: Central GST, Integrated GST, Union Territory GST and GST (Compensation to States) Bills. During the debate, members across political parties raised several concerns regarding the roll out of the new tax.

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Tripura (Agartala) [India], Mar. 29 (ANI): Tripura Forest Development and Plantation Corporation Limited (TFDPC) today handed over a cheque of Rs 14.26 crores to the state government with a motive to help economic empowerment of rural poor and tribals.

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