Jagmohan Garg Delhi; Go digital in mission mode

A task force, comprising government officials and bankers, will periodically review the progress by individual banks.


Union Finance Minister Arun Jaitley, who spoke to chief executives of public sector and private banks on Thursday, said the principal objective of the government’s reform programme was to curtail the use of physical currency. To this end, the Minister set banks a target of converting cash transactions worth Rs. 2 lakh crore into digital transactions by December 30.


For More Details: http://www.thehindu.com/news/national/Go-digital-in-mission-mode-Jaitley-tells-banks/article16696715.ece