Nandan Nilekani Committee

Question 1

Why was this committee constituted ?

Answer 1

Digital Payments reforms

Question 2

Suggestions to improve digital payments ?

Answer 2

1) Removal of transaction charges
2) Merchant Discount rates pricing structure
3) Removal of existing 18% import duty on POS for 3yrs

Question 3

Other suggestions ?

Answer 3

4) Reduce GST on digital payments
5) Reduce overall cost on consumers like KYC charges
6) Setting up of Acceptance Development Fund used for developing new merchants in poor service areas