India to offer tax benefit to promote cashless economy - Arun Jaitley

NEW DELHI (Reuters) - India will offer tax incentives to small businesses engaged in cashless transactions, Finance Minister Arun Jaitley told reporters on Tuesday.

The move is part of the government's drive to promote a cashless economy, Jaitley said, after the government decided to scrap high-value banknotes last month in a bid to make them worthless for holders of unaccounted wealth.

(Reporting by Manoj Kumar; Editing by Malini Menon)