The zero-balance Jan Dhan bank accounts, opened as part of financial inclusion campaign and to transfer government benefits, including subsidy, directly to beneficiaries, have seen Rs. 36,809 crore of deposit in last four weeks even though the amount being deposited is now fast decelerating.
Jaitley said the government campaign to incentivise people to go digital and shed cash to the extent possible is good for the economy.
Asked if he would encourage political parties to accept donations in digital mode, he said it would inevitably be the future course.
“If it becomes digital, if it becomes smaller donation, if it becomes lesser donation from a larger body of donors it will be a great day for Indian democracy,” he said.
The Finance Minister said he has been repeatedly stating that there is a cost of dealing in cash both to the economy and to the political system.
“After all internationally if you have seen in large democracies, lakhs and millions of people donating small amounts online to political parties,” he added.
(Sourced from agencies, feature image courtesy:oneindia.com)
