Kochi: The shift to a cashless economy will gift several benefits to people as it will help to prevent corruption and terrorist activities, Union Minister of State for Power and Coal, New and Renewable Energy Piyush Goyal said on Thursday.
He was inaugurating the Union government’s special initiative DigiDhan Mela, aimed at promoting cashless transactions and creating awareness among the public, at CIAL Convention Centre. Kochi is among the 100 cities selected by the Union government to conduct the mela.
“The Centre’s move will have a positive impact on loan interest rates and tax rates. The government is trying to introduce an all inclusive digital banking system,” he said.
The minister lauded the efforts made by the state government to promote digital transactions. “It is a great achievement that Nedumkayam and Nilambur in the state turned out to be the first digital tribal colonies in the country. Pathanamthitta collectorate became currency-less. All ration shops in the state will be fully automated by April,” he added.
IT secretary M. Sivasankar, district collector Muhammad Y Safirulla, Niti Aayog advisor Yogesh Suri, National Payment Corporation of India vice president Rajith Pillai also attended.
There were stalls and presentations to familiarize the public with cashless digital transactions. Oil companies, KSEB, IT Mission, Information Kerala Mission, Akshaya, telecom and insurance companies and other service providers participated in the event....