Education
University Grants Commission tells vice chancellors of the country’s universities that “all receipts and payments shall be made only through online or digital modes”
The NDA government has asked higher education institutes across the country to switch to digital payments mode and carry out all monetary transactions and related communications using digital modes.
The NDA government has asked higher education institutes across the country to switch to digital payments mode and carry out all monetary transactions and related communications using digital modes.
The Union Human Resource Development Ministry's directive is in line with Prime Minister Narendra Modi's stress on the youth leading the transition from a cash economy to cashless after he made a sudden announcement last November to outlaw 500-and 1,000-rupee notes at just a few hours' notice. The thrust on cashless modes of payment started soon after.
As a first step, higher education regulator University Grants Commission this week told vice chancellors of the country's universities that "all receipts and payments" related to functioning of the institutions including student fees, exam fees, salaries and vendor payments "shall be made only through online or digital modes".
This story is based upon an article originally published here
