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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

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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Population of Sri Lanka Likely to Reach 25mn by 2042

In addition, he remarked that inward migration would also significantly increase as Sri Lanka was seeing the construction of some mega development projects such as Colombo Port City which would attract large crowds

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Sri Lanka to convert garbage dumps into urban parks
This is a Sri Lankan flag. Sri Lanka to convert garbage dumps into urban parks. wikimedia commons

Sri Lanka’s 21 million population is likely to increase to 25 million by 2042, driven by a significant rise in fertility rates and anticipated inward migration, the media reported on Monday.

W. Indralal De Silva, leading demographer and University of Colombo emeritus professor of demography, said that the country’s population was projected to increase to 25 million by 2042 and will reach 26 million by the 2060’s mainly due to a significant upturn in the fertility rates, Xinhua news agency reported.

Sri Lanka will thus have to face higher demand for housing, health, food, education, energy, water, transportation and infrastructure in the near future, De Silva said.

Buddhist monks walk down a road asking for alms during the annual Vesak festival, in Colombo, Sri Lanka, May 11, 2017. VOA

“Along with the fertility increase, child population will increase from 5.1 million in 2012 to 5.3 million by 2017, and for the subsequent 10 to 20 years it would remain fairly static,” he said.

De Silva also said the increase in younger population would generate pressure on the government and the labour force.

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In addition, he remarked that inward migration would also significantly increase as Sri Lanka was seeing the construction of some mega development projects such as Colombo Port City which would attract large crowds. (IANS)