RBI, bankers worried over cyber security on e-payments: Chandrababu Naidu

Government has been relentlessly working in the direction of easing out Digital transactions for the Aam Aadmi who might find it cumbersome to trade through online portals. A panel was constituted by the centre to bolster the progress of the radical movement towards the PM’s vision of ‘Cashless India’ and ‘ Digital India’.

In a bid to incentivise and intensify the digital transactions, the government constituted a panel consisting of Chandrababu Naidu and other expert officers. The panel is looking into the nuances of digital transactions. Moreover, efficiency of the digital infrastructure of India remains the most important objective of formulating the panel. In addition to this, the cyber security mechanisms of the Indian digital platforms was also dealt with.

The Panel chief, Chandrababu Naidu urged the banks to ensure speedy settlement of online transactions.

Cyber security is a menace spread worldwide. Indian authorities are inclined towards mitigating the issue at the earliest.

Another broader concern which the panel intends to focus on is the common awareness among the public to make online payments on PDA’s (Personal Digital Assistants) .

Committee head Chandrababu Naidu conveys there are many safeguards positioned by nation’s crossways. The world and the committee will direct the administration and bankers on the issue.

NITI Aayog Vice Chairman Arvind Panagariya also further conveys there is need to convince the public to take the digital route for making transactions. But the issue of cyber security remains and will be looked into.

Online payments have splurged manifold ever since the demonetisation announcement was made. The transformation from physical to online payments has led to seamless transactions and mobility. The digital transactions arrive at confluence with the grand objective to make ‘India a cleaner and an ethical  country’.

If the common man poses faith in the government and have courage to face  temporary pains, permanent results in India’s advancement journey are sure to be witnessed.



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