Just days ahead of the Union Budget, a high-powered panel headed by Andhra Pradesh Chief Minister N Chandrababu Naidu recommended imposing tax on cash transactions of at least Rs 50,000 through banks to discourage the excessive use of cash and promote digital payments. The committee also recommended abolition of the merchant discount rate charges to incentivise digital transactions. It suggests that electronic payments be made cheaper than cash.
Digital transactions are costlier than cash, we must make it cost effective and stregthen cloud servers on the bank side,” Naidu said after submitting an interim report on Digital payments to Prime Minister Narendra Modi. Read More Telugu News Online
Digital transactions are costlier than cash, we must make it cost effective and stregthen cloud servers on the bank side,” Naidu said after submitting an interim report on Digital payments to Prime Minister Narendra Modi. Read More Telugu News Online