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In push for digital payments, Centre will repay transaction fees to sellers for 2 years for transactions under Rs 2,000, says Govt

Prasad said that Indian Medical Council will be replaced by National Medical Council bill.

Edited by: India TV Politics Desk, New Delhi [ Updated: December 15, 2017 17:06 IST ]
Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad on Friday briefed media about all important decisions take in the cabinet meeting early in the day. 

Here are the excerpts from the Press conference by Ravi Shankar Prasad:

 
# Cabinet has cleared some bills. Indian Medical Council will be replaced by National Medical Council bill, says Union Minister Ravi Shankar Prasad

# Cabinet approves proposal to introduce the Muslim Women (Protection of Rights on Marriage) Bill, 2017, to make instant triple talaq void and illegal.

# To strengthen arbitration, we have decided to set up a centre of Indian Council of International Arbitration as centre of all Indian excellence.

# The monetary value of digital transactions during April - September 2017 was worth 2.18 lakh crores: @rsprasad, noting how the volume of digital transactions is growing at a fast pace.

# This amount is estimated to be 4.37 lakh crores for the whole of the current financial year.

# Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to and including a value of Rs. 2000 to be borne by Government for 2 years with effect from 1 January, 2018 by reimbursing same to the banks, decides Union Cabinet.

# The monetary value of digital transactions during April - September 2017 was worth 2.18 lakh crores.

# The rollout of GST will play a strong role in strengthening the digital ecosystem of the country.

# Cabinet approves special package for employment generation in leather and footwear sector; has the potential to generate 3.24 lakh jobs in 3 years and assist in formalization of 2 lakh jobs.

# Cabinet approves continuation of Centrally Sponsored Scheme of National AYUSH Mission till March 31, 2020.

# Cabinet approves continuation of Non Lapsable Central Pool of Resources scheme for North Eastern Region till March 2020; new Central Sector Scheme “North East Special Infrastructure Development Scheme” also approved from 2017-18 to fill up infra gaps in specified sectors.

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