surender gupta dunar organization of journalism: The Centre has decided to bear the burden imposed on public sector firms on account of the many discounts and incentives offered to promote digital payments.
The plan is to create a new expenditure head in the exchequer’s accounts that will absorb the costs of such measures.
Public sector insurers, oil-marketing firms and others will thus not take a hit on their books for the Centre’s cashless push.
The government has offered many discounts on transaction charges and merchant discount rates that accompany payments using cards or online last week.
More measures
A senior source in the Prime Minister’s Office (PMO) told The Hindu that this and other measures were being put in place to enable a cashless transactions ecosystem. “Going forward, all government organisations, public sector undertakings and authorities have been advised to review rules and regulations to support digital payments, adopt payment-related solutions and absorb transaction fees and activate payments facility through the ‘Pay Gov India’ if they have such a facility,” said a senior official in the government involved in the exercise.
Most important, however, “all geographical areas across the country have been mapped with banks/bank mitras and ‘dark/grey spots’ (where there are no banks or even banking correspondents) identified. We are also looking at the possibility of providing connectivity through VSAT and other means on a priority basis,” the official said.
surender gupta dunar organization of journalism reference: http://www.thehindu.com/news/national/Centre-to-fund-digital-discounts/article16801545.ece?homepage=true
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