Centre Announces Big Discounts on Digital Transactions
Finance Minister Arun Jaitley also announced a Service Tax break on card transactions upto Rs 2000.
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In bid to promote cash-less economy, the government today announced discount on an array of services from buying petrol to insurance and railway tickets through the digital mode and waived service tax on card transactions of up to Rs 2,000.
A discount of 0.75 percent will be offered on purchase of petrol and diesel through either credit/debit cards, e-wallets and mobile wallets.
Similarly, 10 percent and 8 percent discount will be offered in case of general and life insurance for buying new policy or paying premium online via PSUs websites.
Announcing 11 decisions to promote digital transactions, Finance Minister Arun Jaitley said that monthly and seasonal suburban railway tickets purchased through digital mode will get 0.5 percent discount from 1 January.
Online booking of railway tickets will get Rs 10 lakh accident insurance. Those using digital mode to pay for railway catering, accommodation, retiring room will be entitled to discount of 5 percent.
Jaitley said that public dealings with government departments and PSUs through digital mode will be free of transaction fee and MDR charges.
The minister further said 10 per cent discount will be available on use of digital mode for paying for RFID or fast-tags for highway toll.
(With Inputs from PTI)
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