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Discounts on petrol, railways, LIC: Govt rolls out sops for cashless India

Discounts rolled out for a host of digital transactions

Indivjal Dhasmana Sanjeeb Mukherjee & Karan Choudhury  |  New Delhi 

Buy petrol or diesel with your debit or credit card or e-wallet from a petrol pump which has a licence from a public sector unit (PSU), and you will soon get a discount of Rs 7.5 for every transaction of Rs 1,000. You will also not need to pay the two per cent service tax and merchant discount rate for purchases up to Rs 2,000. One month since Prime Minister Narendra Modi announced the demonetisation of old series Rs 500 and Rs 1,000 currency notes, Union Finance Minister Arun Jaitley on Thursday announced a number of sops to push for a cashless economy.  He said ...

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First Published: Fri, December 09 2016. 08:07 IST