Monday July 22, 2019
Home India Mera Mobile M...

Mera Mobile Mera Batua: Students from Benaras Hindu University (BHU) launch Campaign to encourage people to use Digital Payment methods

Administration has installed PoS machines all over the campus

Picture of Indian currency. Flickr

December 24, 2016: Students from Banaras University launched a campaign in the university to encourage people to use digital payment methods for their transactions inside the campus. The administration has been installing PoS (Point of Sale) machines at the hospital for cashless transactions.

The campaign is in coordination with the Digital India program of the Indian government that was started to transform India into a digitally empowered society.

NewsGram brings to you latest new stories in India.

The ‘Mera Mobile Mera Batua’ campaign was launched yesterday by the students, a day after Prime Minister Narendra Modi asked people to use electronic payment methods.

The BHU administration has installed 15 PoS machines at different register counters in the hospitals to ease the transactions process for the patients.

Machines have also been installed at the medicine shops inside the Sir Sunder Lal Hospital and the Trauma Centre campus.

Go to NewsGram and check out news related to political current issues

According to PTI, State Bank of India gave 35 machines to the administration for the campaign. 20 of them have been installed at the hospitals and the remaining 15 are installed at the registration counters to charge fees from the patients.

It is a great step towards the formation of a ‘Faceless, Paperless and Cashless’ society.

Prepared by Diksha Arya of NewsGram. Twitter: @diksha_arya53

Next Story

The Answer to The Impending Questions On Demonetization Are Here

While it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

crop loan
Indian Currency. Pixabay

Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India  has announced, indicating the move did little to slow the underground economy.

Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.

Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.


An activist of Congress party hold the banned 500 and 1000 rupee notes.


In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”

“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”

But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.

Prime Minister Narendra Modi along with mayor, flickr

The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.

Also Read: Diverse Gathering To Be Addressed This World BioFuel Day: PM Narendra Modi

“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)