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Dear Friends,

Today our Government completes a month in office. The support and affection of the people has been overwhelming and this inspires us to work even harder.

67 years of previous governments is nothing compared to 1 month, but I do want to say that in the last month, our entire team has devoted every single moment for the welfare of the people. Every decision we took has been guided solely by national interest.

When we took over a month ago, I kept thinking that I am new to this place and some people believed that I would take at least a year or even two to learn the intricacies of the working of the Central Government. Fortunately, a month later that thought does not exist any longer in my mind. My confidence and determination has increased tremendously and I credit a substantial part of this to the collective experience and wisdom of my ministerial colleagues and also to my experiences as a four time Chief Minister. The affection of the people and support from officials has also added to this confidence in large measure.

Over the past few days I have been meeting Ministers and Officials from various departments who have been making detailed presentations to me. I must share that these presentations have enabled a wonderful exchange of thoughts and ideas and we have come up with excellent roadmaps for the various ministries and departments.

CMs of several states have met me in the past month. They have extended their good wishes and talked about issues concerning their state. I look forward to working closely with them in the times to come.

I feel there are areas where surely we need to improve. A big challenge I am facing in Delhi is to convey to a select group of people about our intentions and sincerity to bring a positive change in this country. These are people who are both within and outside the government system. There have been some instances in the last month with which our Government had nothing to do yet these controversies have persisted. I don’t blame anybody but I surely feel that we need to strengthen systems whereby the right things are communicated to the right people at the right time. Hopefully things will change then.

Every new Government has something that friends in the media like to call a ‘honeymoon period.’ Previous governments had the luxury of extending this ‘honeymoon period’ upto a hundred days and even beyond. Not unexpectedly I don’t have any such luxury. Forget hundred days, the series of allegations began in less than a hundred hours. But when one is working with the sole aim of serving the nation determinately, these things do not matter. That is why I keep working and that is most satisfying.

26th of June is an important date for me. It marks the completion of one month of our journey to fulfil the aspirations of the people. This day is also another landmark day, when in 1975 I witnessed an important phase that taught me the significance of a vibrant democracy.  26th June was the day when the Emergency started, having been imposed an evening earlier. As a youngster, I have several memories of those testing times.

The Emergency surely stands out as one of the darkest periods in our history and is a grim reminder of the dangers associated with subverting freedom of speech, press, expression and silencing opposition. Our democracy will not sustain if we can’t guarantee freedom of speech and expression. Today is also a day to reaffirm our pledge to safeguard these values and at the same time create strong institutions through good governance so that that we never ever see those dark days again.

Once again I salute the people of India for their strong support and good wishes as we complete a month in office. I assure you that we are committed to taking India to greater heights in the years to come.

Yours,

namo-sign-img

Narendra Modi


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Package for Promotion of Digital and Cashless Economy
December 08, 2016
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Govt introduces a package of incentives for promotion of digital and cashless economy
0.75% discount on purchase of petrol/diesel through digital means
Deployment of 2 POS devices each in 1 Lakh villages with population of less than 10,000
Discount upto 0.5% for monthly or seasonal tickets from January 1, 2017, if payment is made digitally
All railway passengers buying online ticket shall be given free accidental insurance cover of upto Rs. 10 lakh

In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government has decided on a package of incentives and measures for promotion of digital and cashless economy in the country. 

These incentives/measures are following: 

  1. The Central Government Petroleum PSUs shall give incentive by offering a discount at the rate of 0.75% of the sale price to consumers on purchase of petrol/diesel if payment is made through digital means.

Nearly 4.5 crore customers buy petrol or diesel at such petrol pumps per day who can take benefit of this incentive scheme.  It is estimated that petrol/diesel worth Rs.1800 crore is sold per day to the customers out of which nearly 20% was being paid through digital means.  In the month of November 2016 it has increased to 40% and the cash transaction of Rs.360 crore per day have got shifted to cashless transaction methods.  The incentive scheme has the potential of shifting at least 30% more customer to digital means which will further reduce the cash requirement of nearly Rs. 2 lakh crore per year at the petrol pumps.

  1. To expand digital payment infrastructure in rural areas, the Central Government through NABARD will extend financial support to eligible banks for deployment of 2 POS devices each in 1 Lakh villages with population of less than 10,000.  These POS machines are intended to be deployed at primary cooperative societies/milk societies/agricultural input dealers to facilitate agri-related transactions through digital means.

This will benefit farmers of one lakh village covering a total population of nearly 75 crore who will have facility to transact cashlessly in their villages for their agri needs. 

  1. The Central Government through NABARD will also support Rural Regional Banks and Cooperative Banks to issue “Rupay Kisan Cards” to 4.32 crore Kisan Credit Card holders to enable them to make digital transactions at POS machines/Micro ATMs/ATMs.
  1. Railway through its sub urban railway network shall provide incentive by way of discount upto 0.5% to customers for monthly or seasonal tickets from January 1, 2017, if payment is made through digital means.

Nearly 80 lakh passengers use seasonal or monthly ticket on suburban railways, largely in cash, spending worth nearly Rs.2,000 crore per year.  As more and more passengers will shift to digital means the cash requirement may get reduced by Rs.1,000 crore per year in near future.

  1. All railway passengers buying online ticket shall be given free accidental insurance cover of upto Rs. 10 lakh.

Nearly 14 lakh railway passengers are buying tickets everyday out of which 58% tickets are bought online through digital means.  It is expected that another 20% passengers may shift to digital payment methods of buying railway tickets.  Hence nearly 11 lakh passengers per day will be covered under the accidental insurance scheme.

  1. For paid services e.g. catering, accommodation, retiring rooms etc. being offered by railways through its affiliated entities/corporations to the passengers, it will provide a discount of 5% for payment of these services through digital means.

All the passengers travelling on railways availing these services may avail the benefit.

  1. Public sector insurance companies will provide incentive, by way of discount or credit, upto 10% of the premium in general insurance policies and 8% in new life policies of Life Insurance Corporation sold through the customer portals, in case payment is made through digital means.
  1. The Central Government Departments and Central Public Sector Undertakings will ensure that transactions fee/MDR charges associated with payment through digital means shall not be passed on to the consumers and all such expenses shall be borne by them.  State Governments are being advised that the State Governments and its organizations should also consider to absorb the transaction fee/MDR charges related to digital payment to them and consumer should not be asked to bear it.
  1. Public sector banks are advised that merchant should not be required to pay more than Rs. 100 per month as monthly rental for PoS terminals/Micro ATMs/mobile POS from the merchants to bring small merchant on board the digital payment eco system.

Nearly 6.5 lakh machines by Public Sector Banks have been issued to merchants who will be benefitted by the lower rentals and promote digital transactions.  With lower rentals, more merchants will install such machines and promote digital transactions. 

  1. No service tax will be charged on digital transaction charges/MDR for transactions upto Rs.2000 per transaction.
  1. For the payment of toll at Toll Plazas on National Highways using RFID card/Fast Tags, a discount of 10% will be available to users in the year 2016-17.