IT ministry to take over digital drive from NITI

Govt is trying to reduce its cash-GDP ratio to around 8% from existing 13%

The government has shifted the responsibility of promoting digital transactions from NITI Aayog to the ministry of information technology and electronics.
 

"The central government has already changed the business transaction rules to enable the ministry to promote digital transactions, including digital payments," a source said.

The source added the decision has been taken in view of the core competence of the ministry to promote digital means for various transactions.
 

The source said the government is of the opinion that NITI Aayog — which is a think-tank — should focus on monitoring and suggesting ways to improve various government schemes rather than getting involved