Cashless economy means a less cash economy and not a no cash economy says FM

Last updated: 16 December 2016

The Union Finance Minister Shri Arun Jaitley chairs the Fifth Meeting of the Consultative Committee attached to the Ministry of Finance on the subjectof Shift to Digital Transactions; Says that digital transactions are a parallel mechanism, not a substitute, for cash transactions; less cash can be gradually substituted to the possible extent through digital payments/transactions; Government and the RBI take various steps to bring down the cost of digital transactions The Union Finance Mini
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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