Following the announcement of demonetisation of Rs500 and Rs1000 notes on 8 November, the government has been taking a slew of measures to promote digital transactions and cashless payments. These have ranged from waiving transaction charges on debit cards to lowering the limit for electronic payments in government purchases.
Here’s a look at these measures announced by the government on Monday
1. All toll plazas in national highways will receive payments through credit or debit cards and e-wallet henceforth besides accepting old currency notes of Rs500 till 15c December. Toll collection across all the national highways has resumed with effect from midnight of 2 December
2. The finance ministry on Monday asked all government departments to make electronic payments to suppliers, contractors or institutions if the order value exceeds Rs5,000. To attain the goal of complete digitisation of government payments, the ministry has lowered the threshold for making such payments from Rs10,000 to Rs5,000, it said in a statement.
3. The government on Monday nudged shop owners to use debit cards, saying it will reduce cash handling costs while digital transaction records will help them seek more funds from banks..
4. Government has asked its employees to maximise use of debit cards for personal transactions and become ‘ambassadors’ for promoting digital payments.
5. The finance ministry has also asked government departments to liaise with their accredited banks and set up special camps to ensure that all its employees are in possession of debit cards. It also asked other ministries/departments to issue similar advisories to their attached offices, PSUs and autonomous bodies
6. The road transport ministry has asked vehicle manufacturers to provide a digital tag on all new cars for e-payments at toll plazas and check posts.