December,22,2016:Amitabh Kant,Chief Executive Officer,NITI Aayog said that just one per cent of the India's more than 1.25 billion population pays Income Tax.
While addressing a Workshop on Cashless Transaction organised by National Disaster Response Force (NDRF), Kant futher added that India cannot afford as high as 95 per cent of its economy making cash transactions if economy has to be taken from USD 2 trillion to USD 10 trillion by 2030.
he also brought into notice that there are more than a billion mobile phone subscribers in the country India and more than one billion Aadhaar biometrics have been created so far.
He said that with an aim to push the India among top economies of world, Government has enrolled nearly 26 crore people under Pradhan Mantri Jan-Dhan Yojana (PMJDY) and more than 20 crore RuPay cards issued.
Amitabh Kant added that, "Time is here to make a transition to the cashless transactions".
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