The Nation Cannot Afford 95 per cent of its Economy making Cash Transactions
ADDRESSING a Workshop on Cashless Transaction organised by the National Disaster Response Force (NDRF) yesterday, Chief Executive Officer of NITI Aayog Amitabh Kant said:
++ Only 1 per cent of the more than 1.25 billion population pays Income Tax.
++ The country cannot afford as high as 95 per cent of its economy making cash transactions.
++ There are more than a billion mobile phone subscribers in India and more than one billion Aadhaar biometrics have been created so far.
++ With an aim to push India among the top economies of the world, the government has enrolled nearly 26 crore people under the Pradhan Mantri Jan-DhanYojana (PMJDY) and more than 20 crore RuPay cards issued.
++ The time is here to make a transition to cashless transactions.