Union Budget 2017: FM Jaitley Pushes BHIM & Aadhaar Pay for India
UPI-based Aadhaar Pay will ensure that people without debit/credit cards can make digital transactions.
Finance Minister Arun Jaitley’s Union Budget has ushered in the good times for digital payment companies like PayTM, now that cash transactions have been limited to Rs 3 lakh.
He also announced that UPI-based Aadhaar Pay will ensure that people without debit/credit cards can make digital transactions. What else is there to keep an eye on?
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The Dangers of Aadhaar-Based Payments That No One Is Talking About
Jaitley’s Push for Digital Economy
In addition to this, prices of mobile phones are expected to go up 1% as the government pushes to safeguard domestic manufacturers.
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Coming Soon: Rs 7k Phones That Bring You ‘Eye-To-Eye’ With Aadhaar
The price hike will affect companies that import their parts to the country. This will also play a big role in catapulting the need to Make in India for companies.
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