The Committee on Digital Payment has submitted its final report to the Union Finance Ministry.Who is the head of committee

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Bimal Jalan
B	Arvind Mayaram
C	T.K. Vishwanathan
D	Ratan P. Watal

Explanation:

Detailed explanation-1: -When it was set up, the finance ministry notification said the committee would have an year to submit its report. The committee is a high-powered one, led by former finance secretary Watal.

Detailed explanation-2: -UPSC Mains Q. Who is the head of the RBI committee to deepen digital payments? Notes: The Reserve Bank of India (RBI) has recently appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech.

Detailed explanation-3: -Detailed Solution: The Reserve Bank of India (RBI) announced that it was constituting of a ‘high-level committee for deepening of digital payments’. Former UIDAI chairman and Infosys Co-founder Nandan Nilekani as the Chairman of the five-member committee.

Detailed explanation-4: -The Committee on Digital Payments was constituted by the Ministry of Finance under the chairmanship of Ratan P Watal. The committee was appointed to recommend appropriate measures for encouraging digital payments in India.

Detailed explanation-5: -Nilekani-led committee recommends making all digital transactions to govt free.

There is 1 question to complete.