A Reserve Bank of India (RBI) appointed committee headed by Nandan Nilekani has submitted its suggestions on promoting digital payments to Governor Shaktikanta Das.
About:
Mandate of Panel: In January, the RBI had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation.
Members: Besides Infosys co-founder Nandan Nilekani, former RBI deputy governor H R Khan, former MD and CEO of Vijaya Bank Kishore Sansi, former secretary in ministries of IT and steel Aruna Sharma and Sanjay Jain, chief innovation officer, Centre for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad were also member of the panel.
Way ahead: The RBI will examine the recommendations of the committee and will link the action points, wherever necessary, in its Payment Systems Vision 2021 for implementation.
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