More

    Digital transactions not short-term substitute for cash: Modi

    Must Read

    Top 6 Factors behind High Air Pollution in Delhi

    Delhi is considered as the most polluted center in the world. According to the latest reports shared...

    Vadodara Congress Janata Memo programme at lake near Kashivishwanath temple

    Started from 1st November parallel with the new traffic rules to show the real picture of the...

    School children connect with Indian Navy through art

    As part of Navy Week 2019 activities, the Navy Wives Welfare Association (NWWA) Gujarat, Daman & Diu Naval...

    On the eve of the expiry of the deadline to deposit demonetised currency in banks, Prime Minister Narendra Modi urged citizens not to regard digital transactions as a short-term substitute for cash payments.

    “Digital transactions should not be viewed as a short-term substitute for cash payments,” Modi told India Today magazine in an interview.

    “Digital transactions facilitate formal accounting and sizing of the economy,” he said.

    “They also deliver greater tax compliance,” he added.

    On November 8, MOdi announced that Rs 1,000 and Rs 500 notes were no longer legal tender, saying the move was to combat corruption, counterfeit currency and terror financing.

    Complementing the demonetisation process, the government announced a series of measures to promote digital payments to move towards an economy making less cash transactions.

    “Digital payment is a way of cleaning the economy in the long-run,” the Prime Minister said.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    - Advertisement -

    Latest News

    Top 6 Factors behind High Air Pollution in Delhi

    Delhi is considered as the most polluted center in the world. According to the latest reports shared...

    Vadodara Congress Janata Memo programme at lake near Kashivishwanath temple

    Started from 1st November parallel with the new traffic rules to show the real picture of the city Vadodara...

    School children connect with Indian Navy through art

    As part of Navy Week 2019 activities, the Navy Wives Welfare Association (NWWA) Gujarat, Daman & Diu Naval Area and Navy Children School (NCS),...

    India to host 8th global conference on agriculture-statistics; Bill Gates to deliver key-note address

    India will host a four-day global conference on agriculture statistics beginning November 18 in the national capital and billionaire Bill Gates is scheduled to...

    Vadodara police caught two duplicate policemen for collecting traffic fines from the people

    Taking advantage of new traffic rules and collect money fine from the riders Vadodara police caught two duplicate policemen...
    - Advertisement -

    More Articles Like This

    - Advertisement -