Government records 98% rise in electronic payments so far in FY17
The Government of India has so far recorded 98% of total payments made via electronic payments platform in the current fiscal year 2016-17 (FY17).
The government has recorded 98% rise in electronic payments so far in the current fiscal year 2016-17 (FY17) on account of introduction of e-payments through the banking system which resulted in prompt collections and payments.
"Presently, over 95% of total tax revenues are through electronic mode. In financial year 2016-17 so far, government payments to the tune of Rs 5.95 lakh crore (out of the total payment of R 6.05 lakh crore) were routed through the electronic mode. 98% of total payments of the government in value terms and 95% in volume terms have been routed through the e-payment mode," PIB said in a press release quoting Controller General of Accounts (CGA) Archana Nigam, as saying while addressing 41st Civil Accounts Day at Vigyan Bhawan in New Delhi on Wednesday.
"Creation of Indian Civil Accounts Service (ICAS) a huge reform in the Public Financial Administration in the country," she added.
Similarly, the government has registered rise in online Non Tax Receipts Portal (NTRP) that enables a citizen or a corporate entity to make online payment for availing specific services provided by the government departments.
“The receipts processed through NTRP in 2016-17 as on date are to the tune of Rs 90,000 crore and reflect a growth by almost 30 times in terms of value and 24 times in terms of volume in comparison to 2015-16,” cited Nigam in a statement.