Finance Ministry has invited comments from stakeholders on the Watal committee report on promoting digital payments, which has suggested a separate regulator to deal with issues concerning payment, among others. The committee was set up in August this year to review medium term measures to promote digital payment, under the chairmanship of Ratan Watal, Principal Advisor of NITI Aayog. The Ministry said, people can send their comments and suggestions within 15 days.The report suggested a host of fiscal incentives to promote digital transactions. It suggested withdrawal of all charges levied by government departments and utilities on digital payments and making it mandatory for government departments and agencies to provide option to consumers to pay digitally. The report also suggested putting a special emphasis on digital payments for recurring low value transactions and reducing custom duties on payments acceptance equipment. The committee has also suggested instituting awards to promote digital transaction.
News On AIR | December 29, 2016 8:53 AM
FinMin seeks views from stakeholders over Watal panel report on digital payment