New Delhi, Delhi, India
Dec 08, 2016, 12.48 PM
India's finance minister Arun Jaitley on Thursday announced a raft of measures aimed at encouraging people to make digital transactions.
Latest figures show digital payments have seen a jump since the Indian government decided to ban the old notes on November 8. Digital transactions have jumped from 20 per cent to 40 per cent in the last 30 days.
Pushing for more digital payment, he also announced a 0.75 per cent discount while buying fuel by debit/credit cards or through digital wallets.
Buying general, life insurance policies from government-controlled insurers' websites and premium to get 10% and 8% discount, Jaitley said.
He also announced a 5 per cent discount for railway facilities like catering, retiring rooms if one uses digital payment system.
Announcing 11 decisions to promote digital transactions, Jaitley said that monthly and seasonal suburban railway tickets purchased through digital mode will get 0.5 per cent discount from January 1.
India's finance minister Arun Jaitley announces raft of measures to incentivise digital transaction (WION)