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).

Government records 98% rise in electronic payments so far in FY17
98% of total payments of the government in value terms and 95% in volume terms have been routed through the e-payment mode, Controller General of Accounts (CGA) Archana Nigam said. Representational Image. Image Source: Pixabay
Written By: ZeeBiz WebTeam
Updated: Thu, Mar 02, 2017
04:07 pm
Mumbai , ZeeBiz WebDesk
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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. 

ALSO READ: Watal Committee: Digital payments by Govt alone to save Rs 1 lakh crore per year

"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.