Question : On which date Jammu and Kashmir formally rolled out e-Kuber payment system of RBI ?
(a) 18 February 2021
(b) 16 February 2021
(c) 14 February 2021
(d) 12 February 2021
Ans.(a)
Related facts
- On 18 February 2021 Jammu and Kashmir formally rolled out e-Kuber payment system of Reserve Bank of India.
- The new payments system of RBI would replace the existing system for the purpose of government payments.
- All types of government payments including employee’s salaries and pensioner’s pensions will be done through RBI’s e-Kuber.
- Initially, e-Kuber would be implemented in Civil Secretariat treasury on pilot basis and rollout of this system for other treasuries shall follow shortly.
- Benefits
- The system is capable of making 50,000 transactions at a time, while all government-related financial transactions would be dealt directly with RBI, without any intermediary bank.
- The system would also overcome payment delays and eliminate risk of paper vouchers being lost in transit.
- It is notable that J&K is the first Union Territory to implement version 2.9 of e-Kuber payments system.
By — Pankaj pandey.
Link:
https://kashmirobserver.net/2021/02/18/e-kuber-payments-system-launched-in-jk/