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?
Source – The Hindu