28.8.16

Finance Ministry sets up panel to suggest steps to promote card payments

Finance Ministry sets up panel to suggest steps to promote card payments


Union Finance Ministry Arun Jaitley has set up a committee to consider incentives such as cash back schemes and tax rebates for promoting card and digital payments in a step towards discouraging cash transactions. With an aim to discourage cash transactions, the Finance Ministry has set up this high-level committee to suggest steps to promote card payments through incentives like tax rebates and cash back schemes.

The 11-member committee, headed by former Finance Secretary Ratan P Watal. The panel, which will review the payments system in the country and recommend measures for encouraging digital payments, has been set up following a decision taken by the Cabinet.

So let's do:
1. Union Finance Ministry Arun Jaitley has set up a committee to consider incentives such as cash back schemes headed by whom?

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