For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

India moving towards digitised payments: Niti Aayog

"It is a very mammoth and unprecedented thing. There will be some short-term issues. I don't think we need to worry about them," he said, commenting on the demonetisation of high value currency.

By IANS English
|
Google Oneindia News

New Delhi, Nov 23 Niti Aayog CEO Amitabh Kant on Wednesday said India is moving towards a totally digitised payment economy that will bring huge gains in the long term.

Niti Aayog

"There are long-term gains for the country. The country will move towards a totally digitised payment economy. It will move towards formalised economy," Kant said on the sidelines of a conference organised by India Energy Forum.

"It is a very mammoth and unprecedented thing. There will be some short-term issues. I don't think we need to worry about them," he said, commenting on the demonetisation of high value currency.

These are processes associated with the move away from a non-formal economy to a formal one, and people should, therefore, have patience and faith, he added.

Terming the withdraw of old Rs 500 and 1,000 notes from circulation as "excellent" and a "good" move, Kant said there would be short-term issues but in the long-term there would be huge gains.

IANS

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X