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President Pranab Mukherjee urges people to support Government’s mission to make India a Cashless Society

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President Pranab Mukherjee. VOA
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New Delhi, April 9, 2017: President Pranab Mukherjee on Sunday urged the people to support the government’s mission to make India a cashless society.

“I urge all citizens to extend their unstinted support to the mission of a less cash India. All efforts of the government will achieve their end only if people were to adopt them proactively,” the President said.

Mukherjee was speaking on the occasion of the 100th mega draw of lots for Lucky Grahak Yojana and Digi Dhan Vyapar Yojana at Rashtrapati Bhavan here.

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“India has a long way to go to become a cashless society. Presently, we remain primarily a cash-based economy with about 95 percent of the personal consumption and 86 percent of all transactions being in cash,” President Mukherjee said.

Appreciating the government initiatives, he said: “It is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency.”

Calling the Aadhaar card a watershed event in the development story of India, President Mukherjee said: “Aadhaar enabled payment system has made digital payments possible for even those section of the population who may not have mobile phones.”

“Launch of BHIM has demystified the digital payments and brought it within the grasp of every citizen,” he said while discussing the new modes of digital payments which are being developed for making payments easier.

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He complimented the government for the initiatives, for promoting the culture of digital payment in the country.

The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016, in order to promote and encourage digital transactions. These schemes are being implemented by the National Payment Corporation of India (NPCI).

The Lucky Grahak Yojana rewards Rs 1,000 daily to 15,000 customers undertaking digital transactions. Weekly prizes up to Rs 1 lakh for consumers and Rs 50,000 for merchants are given. As on March 30, 2017, 13.5 lakh consumers and 79,519 merchants have received prizes under these schemes. (IANS)

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Half The Global Population Uses The Internet: ITU Report

The ITU says countries that are hooked into the digital economy do better in their overall economic well-being and competitiveness.

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Nigeria, Population
Youths are seen browsing the internet inside the venue of the launch of Google free wifi project in Lagos, Nigeria. VOA

The International Telecommunication Union reports that for the first time in history, half of the global population is using the internet. A new report finds by the end of the year, 3.9 billion people worldwide will be online.

The report finds access to and use of information and communication technologies around the world is trending upwards. It notes most internet users are in developed countries, with more than 80 percent of their populations online. But it says internet use is steadily growing in developing countries, increasing from 7.7 percent in 2005 to 45.3 percent this year.

The International Telecommunication Union says Africa is the region with the strongest growth, where the percentage of people using the internet has increased from just over two percent in 2005 to nearly 25 percent in 2018.

Somalia, Population
A Somali man browses the internet on his mobile phone at a beach in Somalia’s capital Mogadishu. VOA

The lowest growth rates, it says, are in Europe and the Americas, with the lowest usage found in the Asia-Pacific region.

In addition to data on internet usage, newly released statistics show mobile access to basic telecommunication services is becoming more predominant. ITU Senior Statistician, Esperanza Magpantay says access to higher speed mobile and fixed broadband also is growing.

“So, there is almost 96 percent of the population who are now covered by mobile population signal of which 90 percent are covered by 3G access. So, this is a high figure, and this helps explain why we have this 51 percent of the population now using the internet,” she said.

With the growth in mobile broadband, Magpantay says there has been an upsurge in the number of people using the internet through their mobile devices.

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Young men surf the internet at a cyber cafe on June 20, 2012 in Kibera slum in Nairobi.

The ITU says countries that are hooked into the digital economy do better in their overall economic well-being and competitiveness. Unfortunately, it says the cost of accessing telecommunication networks remains too high and unaffordable for many.

Also Read: Global Care Crisis Rises Along With Growing Population

It says prices must be brought down to make the digital economy a reality for the half the world’s people who do not, as yet, use the internet. (VOA)