- Jan 19 2017
Government to introduce unique Aadhar-based digital payment system soon
After the demonetisation of high value currency and the subsequent digital push, the government is now going to introduce a new Aadhar-based digital payment system soon.
This was revealed here today by Mr. Ravi Shankar Prasad, the Union Minister for Electronics, Information Technology and Law and Justice while addressing the second edition of the annual Raisina Dialogue, organised by Observer Research Foundation in association with the Ministry of External Affairs.
Mr. Prasad said this unique payment initiative will be based on the thump impression, verified through the Aadhar identification for safety and security of the easier payment system for the common man.
He said the bold demonetisation decision taken by Prime Minister Narendra Modi has broken the backbone of terrorism, Maoist activities, Hawala rackets, human trafficking, especially flesh trade as these people used to stock notes of ₹500 and ₹1,000.
Mr. Prasad said Aadhar, which was introduced by the previous government of Dr. Manmohan Singh, has already covered nearly 99 percent of adult citizens of the country.
He said the Prime Minister wanted Digital India to bridge the digital divide and empower the poor and the underprivileged. He added that the Prime Minister is very keen that the country does not miss the digital resolution.
Mr. Prasad explained how the government has connected more than 585 mandis through e-Mandi portal, creating an digital ecosystem for poor farmers to sell their produce directly and get right prices.
He said technology is going to play a big role as the government has decided to roll out the GST soon.
More than 250 participants from 65 countries are taking part in this year’s three-day Dialogue, which was inaugurated by Prime Minister Narendra Modi on Tuesday. The first edition was attended by 120 participants from 40 countries.