In a meeting on Friday evening, Prime Minister Narendra Modi has urged all the ministries to Go Cashless! He also asked them to make the use of either online transactions or cheques for making any type of payments. He also asked the ministries to include contractors in this and urged them to make payments to daily laborers through online banking too. This move is said to be a step to curb corruption in Ministries and make the flow of business easier.
The first ministries to put this to effect were food and agriculture, that held a meeting as soon as the Cabinet meeting ended. After the meeting Food minister, Ram Vilas Paswan Held a PTI meeting, wherein he told them that, “Prime Minister Narendra Modi is very serious on the issue of cashless transactions. The officials also have been told to make all transaction cashless as far as possible.” Paswan also added that most of the corporations that come under the Food Ministry were almost 99% cashless under him. PM Modi also urged that all the officials have been urged to send in reports at the earliest to PMO, in order for a follow-up meeting regarding this discussion.
In the cabinet meeting that was held yesterday, it was also discussed that all the unaccounted transactions that happen online will be accounted for and a tax of up to 60% will be levied upon them. This will be calculated from November 9, that is the day demonetisation was put to effect. Also, all the banks have issued a notice that there will be no Debit card transaction till December 30, that is the day till old denominations of higher values of Rs. 500 and Rs. 1000 notes will be accepted for bank deposits.