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: The union territory of Puducherry could easily migrate to a cashless economy as 80 per cent of its population was iterate, Chief Secretary Manoj Parida said here today.
Parida said that with 80 per cent of the population being literate in the Union Territory, there could be easy shift to the new approach without much hindrance.
He was speaking while chairing a meeting organised by the Lead Bank (Indian Bank) with outfits of traders, consumers, non governmental Organisations and students here today.
He asked traders to take the assistance of banking personnel to migrate to cashless transaction and added that government had ordered supply of 500 OPS (On Spot Sale) machines for them
Finance Secretary V Candavelou emphasised the need to migrate to cashless transactions and said government receipt accounting system, an online portal, would soon be launched. The government would soon move towards electronic transfer transactions, he said.
The Goods and Services Tax,to be introduced from April 1 next year, would also usher in transformation, he said.
He also highlighted the security measures put in place for secure digital transactions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)