Source: News Bharati English23 Nov 2016 11:02:29
New Delhi, November 23: Economic Affairs Secretary Shaktikanta Das addressed media on Tuesday morning and briefed about certain measures which relieve common man from post demonetization hardships. The government is battling due to opposition's criticism on its surprise move of demonetizing the currency to get rid from black money, came up with revised set of measures to help farmers and people.
Keeping the farmers into mind and promoting digital transactions across the country government has put forward certain measures. Following are the highlights given by the Economic Affairs Secretary Shaktikanta Das spelled while addressing media on notes ban:
- National Bank for Agriculture and Rural Development (NABARD) has sanctioned 21,000 crores to district central cooperative banks (DCCB).
- NABARD and RBI have been advised to ensure adequate cash supply is available to district central cooperative banks. This will enable district cooperative banks to pass the money to primary agricultural societies and will also help farmers.
- The list of DCCBs has been given to the RBI and the required money will be made available as soon as possible.
- To ensure more and more people move towards digital transactions, the service providers have agreed to waive all switching charges on all debit cards till December 31, 2016.
- Railways have also agreed to waive all service charges on online booking of rail tickets. This is also done with the aim to encourage people to migrate to digital transactions.
- The TRAI also reduced USSD charges from Rs. 1.50 to 50 paise for feature phones (not smart phones) - as feature phones comprise over 65% of all phones.
- The government will also promote digital transactions at toll plazas. The Ministry of road transport has told manufacturers to include ETC complaint RFID facility in all new cars.
- All new government organizations and public sector facilities have been asked to use only e-payments - that is via card or digital platforms, AADHAAR enabled payments, etc.
- The National Payment Corporation of India has played a crucial role in ensure digital transactions.
- According to RBI, around 80,000 ATMs out two lakh ATMs in the county have been recalibrated. So it’s just a matter of few days before money is available to all.