As the government rapidly evolves to online operations and shifts services to digital platforms, Elets Technomedia Pvt Ltd organised a two-day virtual Governance Leadership Summit 2021 on 17 & 18 June 2021 emphasising the digital transformation in governance. Ajay Bhushan Pandey, former Secretary, Union Ministry of Finance, addressed the summit describing how India leapfrogged in technology adoption and came up with benchmark solutions like the world’s largest biometric citizen database Aadhar, UPI, Digilocker, and more. The summit witnessed the participation of esteemed speakers from government organisations, academic institutions and industry as well.
“In India, we’re undergoing a major digital revolution … India’s digital assets which are the engines of digitisation can be segregated into three categories – first Aadhar, India is the only country in the world to have given unique, biometric-based identification to 1.29 billion people. Through this bank accounts have been opened for people and today over 100 crore people in India have a bank account. Moreover, 70 crore Aadhar numbers are uniquely linked on the National Payments Corporation of India (NPCI) mapper. The second is GST. There are many countries that have GST. But GST in India is different as we’re the only country wherein invoice-wise details are collected. Also, we’re doing it so that the e-invoices are generated on the system itself. So the companies having a turnover of more than Rs 50 crore, they’re required to generate e-invoice on the system and GST return invoice generates automatically. India has reached a stage where people can only apply for Income Tax returns online. The third is UPI & Aadhar e-payment system. Across the world, India is the only country that has enabled UPI. A month before the second wave of the pandemic, India recorded 2.7 billion transactions in the month which worth Rs 5 lakh crore.” Ajay Bhushan Pandey said.
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