Tag: cashless

Govt To Implement ‘Cashless Hajj’ Scheme For 1.4 Lakh Hajj pilgrims This Year- Details Here – Kashmir News

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The government has decided to lay emphasis on ‘Cashless Hajj’ this year. In pursuant to this policy, the Haj pilgrims will be provided with a card by the State Bank of India (SBI) for the use of foreign currency. Highly placed sources in the Ministry of Minority Affairs gave this information on Monday.
Under the earlier system, Haj pilgrims had to deposit 2,100 Saudi Riyals (about Rs 45 thousand) with the Haj Committee of India, which used to be made available to them for spending in Mecca and Medina of Saudi Arabia.
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The process of applying for Haj and selection of pilgrims was carried out online and of the 1.84 lakh applicants, 14,935 have been given assured allotment, including 10,621 in the 70-plus category and 4,314 women who will perform the Haj without a “Mahram” (male companion).
This is the largest ever contingent of women proceeding on Haj alone, not accompanied by men, the ministry said in a statement.
The applications received over and above the Haj quota have been finalised through an online randomised digital selection (ORDS) process, without any human intervention, it added.
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For the first time, the list of selected and waitlisted applicants was published on the official portal immediately after the selection process in the interest of increased transparency, the statement said.
All 1.4 lakh selected pilgrims have been sent a text message with the information of their selection for Haj 2023. A text message has also been sent to the waitlisted applicants, informing them about their position on the list, the statement said.
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The ministry has partnered with the SBI to make special arrangements to provide foreign exchange to the pilgrims.

Unlike previous years, when each pilgrim was given 2,100 Saudi riyals by the Haj Committee of India in lieu of Indian currency, irrespective of his actual requirements, the Haj Policy 2023 gives the option to the pilgrims to arrange their own foreign currency or take a lesser amount of foreign exchange, according to their requirements.
The government has collaborated with the SBI to ensure the supply of foreign exchange to the pilgrims at the most competitive rates, the statement said.
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With more than 22,000 branches across the country, the SBI shall facilitate providing foreign exchange and the mandatory insurance to all the pilgrims to meet their requirements during their stay in Saudi Arabia.
The bank will reach out to the pilgrims through text messages, the ministry said. The facility of a forex card is also being provided to the pilgrims, eliminating the possibility of theft or loss of physical currency, it added.
In case the card is lost during the pilgrimage, the pilgrim can get his money refunded from the bank.
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An official said the government’s aim is to support a “cashless Haj” to make it convenient for the pilgrims. The SBI will also set up stalls at all the embarkation points with dedicated nodal officers of an appropriate level to help the pilgrims collect the foreign exchange in cash or through the forex card and also to provide any guidance and assistance as may be required.
A helpline shall be operated by the SBI and the contact details of these nodal officers will be made public soon, the statement said.
For the present year, a quota of 1,75,025 Haj pilgrims has been allotted to India. The first flight for the pilgrimage from India will take off on May 21. The annual pilgrimage will take place around June end. (PTI)
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( With inputs from : kashmirnews.in )

April 4, 2023
Monopoly Super Electronic Banking Board Game, Electronic Banking Unit, Choose Your Rewards, Cashless Gameplay Tap Technology, for Ages 8 and Up, Multicolor

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(as of [price_update_date] – Details)

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Choose your card, choose your rewards! Players not only accumulate cash and properties, they can also earn rewards by buying a certain property, landing on a certain space on the gameboard, or rolling a specific number.
BANKING UNIT: The Monopoly Ultimate Rewards board game features an all-in-one Ultimate Banking unit with tap technology that makes gameplay faster than the classic Monopoly game
FLIGHT SPACES: Instead of purchasing railroads in this edition of the Monopoly game, players can choose to take a flight to any property on the gameboard
GET INTO TRADING SPACES: Land on a Forced Trade space? Choose any property and immediately trade it for your choice of any other player’s property
GREAT FAMILY GAME: The Monopoly Ultimate Rewards board game is fun for families and kids ages 8 and up. Get together for family game night and watch kids enjoy being in charge of their own banking card

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March 2, 2023
India to record highest number of cashless transactions in world: Jaishankar at Raisina@Sydney

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Sydney: India is moving ahead to record the largest number of cashless transactions in the world, External Affairs Minister S Jaishankar said on Saturday at the Raisina @ Sydney Business Breakfast.
“If you look at our cashless transactions, the UPI, I think we record the largest number of cashless transactions in the world. So there’s been a kind of a technology leapfrogging in the psyche of people, and that’s been actually a very big difference,” Jaishankar said at the Raisina@Sydney Business Breakfast.
Raisina@Sydney Business Breakfast was organized jointly by the Australian Strategic Policy Institute (ASPI) and India’s Observer Research Foundation (ORF) at the InterContinental Hotel in Sydney.
“The digital was ensuring the integrity of delivery and transaction that would not have been possible equally on the financial side because we encouraged people to open bank accounts, sometimes bank accounts with no money.
But we were, again, during the same period, put money into the bank accounts of 415,000,000 people who are the lowest income in the country. And if you ask me, how did you get through COVID, I cannot overstate the importance of financially supporting people and feeding people and ensuring that this works on the ground,” he said.
Jaishankar also stated that digital governance has now become the basic mechanism today to do socioeconomic delivery.
“India is trying to demonstrate that the country can construct a social, comprehensive social welfare system, even at the scale of income. And the scale of income is USD 2,000 per capita,” he said.
Talking about the social programs, Jaishankar said that in the last four years, India has been able to cover about 500 million people in health schemes, about the same number covered by pension schemes.
“There was a program to replace firewood with cooking gas. And the cooking gas, the initial lot of cooking gas, you get free of cost. Now, that program was as big as 80 million people.

We have a housing program, a housing program. We have already delivered 30 million houses, and at five people, a family in India, which means 150,000,000 people have been covered,” Jaishankar said.
“So I’m giving you these numbers because it actually tells you the scale which digital backbone makes possible.We couldn’t have done this ten years ago because we didn’t have that backbone, and we didn’t have the strategic understanding to activate and utilize that backbone. And you can see this in the lifestyle of people as well today,” he added.
He also said that Australia will get really deployable 5G technology from India this year and which is something that will be of great global interest. “Today you can see the change in infrastructure in India. The transformation has happened because of an integrated infrastructure policy,” he added.
Raisina@Sydney Conference, which began today with ‘Business Breakfast’, will involve ministerial and high-level government representations as well as participation from industry and civil society.
This mega event will also include panel and keynote addresses by leading regional think tanks on issues ranging from geopolitics to technology and economics.
After the keynote address of Jaishankar, a panel session will be held that would cover topics like “Next steps in the Australia-India economic partnership: stability, security and sovereignty,” and it will be addressed by keynote speakers: Vivek Lall, Chief Executive, General Atomics Global Corporation; Jodi McKay, National Chair, Australia-India Business Council; Vikram Singh, Vice President, and Country Head – ANZ, Tata Consultancy Services and facilitated by Bec Shrimpton, Director, The Sydney Dialogue, Australian Strategic Policy Institute.
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( With inputs from www.siasat.com )

February 18, 2023