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Which committee has been constituted by the Government of India to boost cashless transaction?
- a)Nachiket More Committee
- b)Shanta Kumar Committee
- c)H.R.Khan Committee
- d)Neeraj Kumar Gupta Committee
- e)None of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which committee has been constituted by the Government of India to bo...
The committee constituted by the Government of India to boost cashless transactions is the Neeraj Kumar Gupta Committee.
Neeraj Kumar Gupta Committee
The Neeraj Kumar Gupta Committee was constituted in December 2016 by the Government of India with the aim of promoting digital payments and reducing the dependence on cash transactions. The committee was formed in the wake of the demonetization drive initiated by the government to tackle the issue of black money and promote transparency in financial transactions.
Objective
The main objective of the Neeraj Kumar Gupta Committee is to recommend measures to enable and promote cashless transactions in various sectors of the economy. The committee is tasked with identifying the challenges and obstacles in the adoption of digital payment systems and suggesting strategies to overcome them.
Composition
The committee is chaired by Neeraj Kumar Gupta, who is a former Secretary in the Ministry of Finance. Other members of the committee include representatives from various government departments, financial institutions, and industry experts.
Role and Responsibilities
The Neeraj Kumar Gupta Committee is responsible for:
- Assessing the current state of cashless transactions in India and identifying the areas where digital payments can be promoted.
- Examining the existing infrastructure and technological capabilities for digital transactions and suggesting improvements.
- Studying the global best practices in digital payments and recommending suitable measures for their implementation in India.
- Suggesting policy interventions and regulatory measures to encourage the adoption of digital payments.
- Collaborating with various stakeholders including government departments, financial institutions, and technology providers to implement the recommendations.
Conclusion
The Neeraj Kumar Gupta Committee plays a crucial role in promoting cashless transactions in India. By identifying the challenges and suggesting measures to overcome them, the committee contributes to the government's efforts to create a digital and transparent economy.
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Which committee has been constituted by the Government of India to bo...
Neeraj Kumar Gupta Committee
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Which committee has been constituted by the Government of India to boost cashless transaction?a)Nachiket More Committeeb)Shanta Kumar Committeec)H.R.Khan Committeed)Neeraj Kumar Gupta Committeee)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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