Question: The CMs Committee on Digital Payments is led by-
(a) Chandrashekar Rao
(b) Chandrababu Naidu
(c) Prakash Singh Badal
(d) Dr. Raman Singh
Ans: (b)
Related facts:
- On 24 January 2017; CMs Committee on Digital Payments led by the convener and Andhra Pradesh Chief Minister, Chandra Babu Naidu submitted the interim report on Digital Payments to the Prime Minister.
Following are the Highlights of the recommendations made in interim report by the CMs Committee on Digital Payments: - To curb use of cash for large transactions consider levy of banking cash transaction Tax (BCTT) on transactions of Rs. 50,000 & above.
- Provide infrastructure for 1,54,000 post offices by way of interoperable Aadhaar enabled Micro-ATMs.
- All government sections like insurance, educational institutes, fertilisers, PDS, Petroleum etc to switch to digital payments.
- Lower / Zero MDR (Merchant Discount Rate) for all digital payments to Government entities.
- AEPS to be promoted by incentivising & not charging MDR.
- Relief in prospective taxes for encouraging merchants to accept digital payments & no retrospective taxation to Merchants doing digital transactions.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=157655