Home India Cabinet Secretariat Amendment number 371 to AoB Rules 1961 regarding digital pay...
Date: 18-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment number 371 to AoB Rules 1961 regarding digital payments

Issued by Cabinet Secretariat · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification S.O. 3223(E) issued on July 17, 2023, amends the Government of India (Allocation of Business) Rules, 1961. The amendment reallocates the responsibility for the promotion of digital transactions and digital payments between the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Finance.

Key Changes

  • The Government of India (Allocation of Business) (Three Hundred and Seventy-first Amendment) Rules, 2023, come into force immediately.
  • The Ministry of Electronics and Information Technology (MeitY) will now be responsible for the promotion of digital transactions, excluding digital payments.
  • The Ministry of Finance, specifically the Department of Financial Services, will now be responsible for the promotion of digital payments. This is a new insertion, listed as entry '8A'.

Impact Analysis

Ministry of Electronics and Information Technology (MeitY)

  • Action Items: MeitY should reassess its digital transaction promotion strategies to exclude digital payments and coordinate with the Ministry of Finance to ensure a seamless transition.

Ministry of Finance (Department of Financial Services)

  • Action Items: The Department of Financial Services needs to establish a dedicated team or augment existing resources to focus on digital payment promotion. Collaborate with MeitY for a coordinated approach and avoid duplication of efforts.

Digital Payment Ecosystem (FinTech companies, Banks, Payment Processors)

  • Action Items: Stakeholders should engage with the Department of Financial Services to understand the new policy framework and explore opportunities for collaboration in promoting digital payments.

Consumers and Merchants

  • Action Items: No immediate action is required, but consumers and merchants should stay informed about new initiatives and incentives related to digital payments.

Key Entities Referenced

President of India: The President of India, Droupadi Murmu, is the issuing authority for this notification, exercising powers conferred by clause (3) of Article 77 of the Constitution. Cabinet Secretariat: The Cabinet Secretariat is the publishing entity for the gazette notification. Ministry of Electronics and Information Technology (MeitY): The ministry responsible for promotion of digital transactions excluding digital payments. Ministry of Finance (Department of Financial Services): The ministry responsible for promotion of digital payments. Government of India (Allocation of Business) Rules, 1961: The principal rules being amended by this notification. Government of India (Allocation of Business) (Three Hundred and Seventy-first Amendment) Rules, 2023: The short title of the amendment rules.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18072023-247418 xxxGIDHxxx CG-DL-E-18072023-247418 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3091] नई दिल्ली, मगं लवार, िुलाई 18, 2023/आर्ाढ़ 27, 1945 No. 3091] NEW DELHI, TUESDAY, JULY 18, 2023/ASHADHA 27, 1945 मजं िमडं ल सजिवालय अजधसिू ना नई दिल्ली, 17 िुलाई, 2023 का.आ. 3223(अ).—राष्ट्रपजत, संजवधान के अनुच्छेि 77 के खण्ड (3) द्वारा प्रित्त िजियों का प्रयोग करते हुए, भारत सरकार (काय-य आबंटन) जनयम, 1961 का और संिोधन करने के जलए, जनम्न जलजखत जनयम बनाती ह,ैं अर्ायत्:- 1. (1) इन जनयमों का संजिप् त नाम भारत सरकार (काय-य आबंटन) (तीन सौ इकहत्तरवां संिोधन) जनयम, 2023 ह।ै (2) ये तुरंत प्रवृत्त होंगे। 2. भारत सरकार (काय-य आबंटन) जनयम, 1961 म,ें जद्वतीय अनुसिू ी में,- (क) “इलेक्‍टर ॉजनकी और सूिना प्रौद्योजगकी मंिालय” िीर्यक के अधीन, प्रजवजि “2क. अंकीय संव् यवहारों की अजभवृजि जिसके अंतगयत अकं ीय संिाय भी ह ैं ।” के स्ट्र्ान पर, जनम्न जलजखत प्रजवजि अतं ःस्ट्र्ाजपत की िाएगी, अर्ायत ् :- “2क. अंकीय संव्य वहारों की अजभवृजि जिसके अंतगयत अंकीय संिाय नहीं ह ैं।”; 4641 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ख) “जवत्त मंिालय” िीर्यक के अधीन, “ङ. जवत्तीय सेवाएं जवभाग” उपिीर्यक के अधीन, प्रजवजि 8 के पश्चात जनम्न जलजखत प्रजवजि अंतःस्ट्र्ाजपत की िाएगी, अर्ायत ् :- “8क. अंकीय संिायों की अजभवृजि ।’’। द्रौपिी मुमुय, राष्ट्रपजत ———— [फा. सं. 1/21/6/2023-मंजि.] आिुतोर् जिंिल, अपर सजिव CABINET SECRETARIAT NOTIFICATION New Delhi, the 17th July, 2023 S.O. 3223(E).—In exercise of the powers conferred by clause (3) of article 77 of the Constitution, the President hereby makes the following rules further to amend the Government of India (Allocation of Business) Rules, 1961, namely:- 1. (1) These rules may be called the Government of India (Allocation of Business) (Three Hundred and Seventy- first Amendment) Rules, 2023. (2) They shall come into force at once. 2. In the Government of India (Allocation of Business) Rules, 1961, in THE SECOND SCHEDULE,- (a) under the heading “MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY (ELECTRONIKI AUR SOOCHANA PRAUDYOGIKI MANTRALAYA)”, for entry ‘2A. Promotion of Digital Transactions including Digital Payments.’, the following entry shall be substituted, namely:- “2A. Promotion of Digital Transactions excluding Digital Payments.”; (b) under the heading “MINISTRY OF FINANCE (VITTA MANTRALAYA)”, under sub-heading “E. DEPARTMENT OF FINANCIAL SERVICES (VITTIYA SEWAYEN VIBHAG)”, after entry 8, the following entry shall be inserted, namely:- “8A. Promotion of Digital Payments.”. DROUPADI MURMU, PRESIDENT ———— [F. No. 1/21/6/2023-Cab.] ASHUTOSH JINDAL, Add . Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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