After approval of the Cabinet, the Guidelines for the promotion of payments through cards and digital means were issued on February 29, 2016. Among the steps to be taken was the constitution of the Committee by the Department of Economic Affairs (DEA), Ministry of Finance with key industry stakeholders, RBI and concerned Government Departments to review medium term measures necessary to promote the digital payment system in the Country. Accordingly, a Committee was constituted under the Chairmanship of Shri Ratan P. Watal, Former Finance Secretary and Principal Advisor, NITI Ayog on August 23, 2016. The Committee has submitted its Report, which is uploaded on the website of the Ministry of Finance at http://finmin.nic.in.

Comments/suggestions from the members of public are requested within 15 days of hosting the Report on the website of the Department of Economic Affairs, Ministry of Finance. Decision on the Report will be taken after considering the comments/suggestions received on the Report.

Feedback/comments on the said Report may be sent to the Coin and Currency Division of the Department of Economic Affairs, Ministry of Finance at [email protected] within 15 days from the date of uploading of the said Report.

The Report of the Committee is also attached herewith for information and reference of public at large.

Click here to see Watal Committee Report .Pdf

Public consultation on digital payments report invites stakeholder comments to inform decision-making; send feedback to the designated government email. Members of the public are invited to submit comments and suggestions on the Committee on Digital Payments Report after it was uploaded to the Ministry of Finance website; feedback should be sent to the Coin and Currency Division at the designated email address within the specified comment period, and the Department of Economic Affairs will consider comments received before taking a decision on the Report.