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India's move to less-cash society gets a demonetisation push

As cash gets dear, digital payments see acceptance levels shooting up, and the govt is only too happy to play the facilitator

N Sundaresha Subramanian  |  New Delhi 

At a conference organised by the Confederation of All-India Traders (CAIT) on Saturday, NITI Aayog CEO Amitabh Kant said, “There will be cash, but very little cash. Without digitisation, you won’t go forward. And without you, the country won’t go forward.” Using the opportunity, the traders’ body asked for certain sops. One was the reduction of the excise duty on point-of-sale (PoS) machines, which cost Rs 8,000-20,000. In addition, traders also incur annual maintenance charges.   Getting the message across to Kant, who is heading a team that is ...


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First Published: Thu, December 01 2016. 01:29 IST