Digital Payment

Ministry of Electronics and IT to spearhead digital payments

Question: Recently, which department has been entrusted with the task of promoting digital transactions by the Central Government, withdrawing from the NITI Ayog?
(a) Ministry of Energy
(b) Ministry of Labor and Employment
(c) Ministry of Electronics and Information Technology
(d) Ministry of Finance
Ans: (c)
Related Facts:-

  • On March 2, 2017, the Central Government withdrew the work of promoting digital transactions from the NITI Ayog.
  • The reason for this is poor performance.
  • Now this work has been entrusted to the Ministry of Electronics and Information Technology.
  • For this decision, the government had to make changes in the rules of (business rules) over the years.
  • The notification for this change has been issued by the government.

Related Links:-
http://www.thehindubusinessline.com/info-tech/ministry-of-electronics-and-it-to-spearhead-digital-payments/article9562372.ece
http://indiatoday.intoday.in/story/meity-to-promote-digital-transactions-in-place-of-niti/1/892781.html