Current Affairs - Persons - Discussion

Reserve Bank of India (RBI) has constituted a High-Level Committee on Deepening of Digital Payments to encourage digitisation of payments and enhance financial inclusion. The five-member committee headed by UIDAI's former Chairman Nandan Nilekani will include RBI's former Deputy Governor Mr. H.R. Khan and Former Secretary, Ministry of Information Technology, Mrs. Aruna Sharma among others. RBI stated that the committee will review the existing status of digitisation of payments and suggest ways to bridge any gaps in the ecosystem if any. The committee will also undertake cross country analysis to identify best practices that can be adopted to accelerate digitisation of the economy and financial inclusion through greater use of digital payments.