The Union Minister of Civil Aviation has introduced an e-wallet payment option on the Bharatkosh portal. Bharatkosh is an initiative by the Controller General of Accounts, Ministry of Finance, Government of India, designed to streamline the process of depositing fees, fines, and other payments into the government’s account. It serves as a one-stop platform, unifying all Civil Ministries/Departments of the Government of India, offering 24/7 electronic services for depositing money via internet-based payment technologies. The e-wallet feature will facilitate hassle-free payment processing, allowing users to pre-load funds using NEFT/RTGS, generate instant receipts and challans, and will be available exclusively to registered Bharatkosh users.
Facts/Terms for UPSC Prelims
- Bharatkosh Portal: A digital platform initiated by the Controller General of Accounts, facilitating electronic payments to the government.
- NEFT/RTGS: National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) are electronic payment systems used for transferring funds securely and swiftly between banks in India.
- Controller General of Accounts: A governmental authority responsible for accounting, financial reporting, and payment processing within the Indian government.
- E-Governance: The use of electronic communication and information technology to enhance the efficiency and transparency of government operations, providing services to citizens online.
