{"id":15127,"date":"2016-08-30T11:21:23","date_gmt":"2016-08-30T11:21:23","guid":{"rendered":"https:\/\/www.edristi.in\/?p=15127"},"modified":"2016-08-30T11:21:23","modified_gmt":"2016-08-30T11:21:23","slug":"high-level-committee-discourage-cash-transactions","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/high-level-committee-discourage-cash-transactions\/","title":{"rendered":"High-level committee to discourage cash transactions"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: The 11-member committee formed with the aim to discourage cash transactions asked to suggest steps to promote card payments through incentives like tax rebates and cash back schemes is headed by-<\/strong><br \/>\n(a) Dr. Urjit Patel<br \/>\n(b) Ratan P Watal<br \/>\n(c) Kaushik Basu<br \/>\n(d) Arvind Subramanian<br \/>\n<strong>Ans: (b)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">On 26 August 2016 with an aim to discourage cash transactions, the Finance Ministry has set up a high-level committee to suggest steps to promote card payments through incentives like tax rebates and cash back schemes.<\/li>\n<li style=\"text-align: justify;\">The 11-member committee, headed by former Finance Secretary Ratan P Watal, will recommend various measures to &#8220;incentivise transactions through cards and digital means.<\/li>\n<li style=\"text-align: justify;\">Other committee members include former RBI Deputy Governor H R Khan, Chairman of Indian Banks Association, President of Nasscom and CBDT Chairperson.<\/li>\n<li style=\"text-align: justify;\">The panel will submit its report in one year.<\/li>\n<\/ul>\n<p><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/centre-sets-up-panel-to-suggest-steps-to-promote-card-payments\/article9038122.ece\" target=\"_blank\">http:\/\/www.thehindu.com\/todays-paper\/tp-business\/centre-sets-up-panel-to-suggest-steps-to-promote-card-payments\/article9038122.ece<\/a><br \/>\n<a href=\"http:\/\/indiatoday.intoday.in\/story\/finmin-sets-up-panel-to-suggest-steps-to-promote-card-payments\/1\/749549.html\" target=\"_blank\">http:\/\/indiatoday.intoday.in\/story\/finmin-sets-up-panel-to-suggest-steps-to-promote-card-payments\/1\/749549.html<\/a><br \/>\n<a href=\"http:\/\/www.business-standard.com\/article\/economy-policy\/finance-ministry-sets-up-panel-to-suggest-steps-to-promote-card-payments-116082600882_1.html\" target=\"_blank\">http:\/\/www.business-standard.com\/article\/economy-policy\/finance-ministry-sets-up-panel-to-suggest-steps-to-promote-card-payments-116082600882_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: The 11-member committee formed with the aim to discourage cash transactions asked to suggest steps to promote card payments through incentives like tax rebates and cash back schemes is headed by- (a) Dr. Urjit Patel (b) Ratan P Watal (c) Kaushik Basu (d) Arvind Subramanian Ans: (b) Related facts: On 26 August 2016 with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1133],"tags":[2557],"class_list":["post-15127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cc","tag-commission-committee-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/15127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=15127"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/15127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/15090"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=15127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=15127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=15127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}