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Centre forms committee to push cashless transactions (Relevant for GS Prelims and Mains Paper II)

Committee constituted to promote cashless transactions:
The Centre announced a new committee, headed by Niti Aayog CEO Amitabh Kant, to form a strategy to expedite the process of transforming India into a cashless economy. The panel is tasked with identifying various bottlenecks affecting access of digital payments.

The committee will identify and operationalize in the earliest possible time frame user-friendly digital payment options in all sectors of the economy. 

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