Union Budget 2017: FM Jaitley Pushes BHIM & Aadhaar Pay for India
UPI-based Aadhaar Pay will ensure that people without debit/credit cards can make digital transactions.
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Finance Minister Arun Jaitley’s Union Budget has ushered in the good times for digital payment companies like PayTM, now that cash transactions have been limited to Rs 3 lakh.
He also announced that UPI-based Aadhaar Pay will ensure that people without debit/credit cards can make digital transactions. What else is there to keep an eye on?
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The Dangers of Aadhaar-Based Payments That No One Is Talking About
Jaitley’s Push for Digital Economy
In addition to this, prices of mobile phones are expected to go up 1% as the government pushes to safeguard domestic manufacturers.
Also Read:
Coming Soon: Rs 7k Phones That Bring You ‘Eye-To-Eye’ With Aadhaar
The price hike will affect companies that import their parts to the country. This will also play a big role in catapulting the need to Make in India for companies.
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