Session on Digital Payments to promote #CashlessEconomy

Recording of the NITI Aayog - CII Session on Digital Payments to promote #CashlessEconomy held on 26 November 2016 with Mr Amitabh Kant, CEO, NITI Aayog and Committee of Officers.

NITI Aayog Presentation on Digital Payments available at http://www.slideshare.net/ConfederationOfIndianIndustry/digital-payment-merchants .

Some of the questions asked during the session include:
As per NCEUS study in 2008, the unorganized sector in India accounts for more than 50% GDP employing 80-85% of workforce. This sector largely transacts and thrives on cash. How do you think Demonetization and digitization would impact the unorganized, shadow economy of the country? What role do you see GST playing in this in the longer run?;

Payment done to worker by banking system is good, but some problems are in our small scale industry. Where workers turn over are high. Workers works for two three month and then goes to home. At their home, so it is not possible bank account of such workers, so what to do?;

Post Demonetisation, the digital transactions are going to increase exponentially, so is our IT infrastructure of Banks and other players safe enough from cyberattacks? IS it at par with the international standards?;

#Demonetization#economy#nitiaayog#CII#digitalPayment

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