We are pleased to announce that Debashish Nag’s (Vice President, IT and e-Governance) views on pre-budget expectations of the IT sector have been covered in the lead story of in the January issue of VAR India magazine. The four-page industry story titled “What are your Expectations from the Budget 2017–18?” features quotes of Dr. Gulshan Rai National Cybersecurity Coordinator, National Security Council, PMO, Mr. Anirudh Dhoot, Director, Videocon, Mr. Rajiv Srivastava Managing Director HP Inc India and Ms. Pratibha K Advani Chief Financial Officer Tata Communications among others. Also, among consultants, Mr. Nitin Bhatt Risk Advisory Leader, EY India has also been quoted.
Post demonetization, a remarkable increase in adoption of transactions through mobile wallet, payment bank, IMPS/NEFT/ RTGS is observed. However, to realize the vision of a cashless economy, the government should announce further measures to campaign and encourage digital payments. “There is a need for RBI to subsidize switch charges to promote cashless payments. To glide through from cash based to card based products, MDR on debit card could be kept at feasible percentage for a prolonged duration. Measures may be taken for further securing the digital payments and organise focused financial education campaigns among merchants and cardholders,” says Debashis Nag, Vice President – IT & E-Governance, IPE Global.
