NEW DELHI: Prime Minister Narendra Modi has directed all ministries and departments to switch to online transactions or cheque mode and at the same time ensure downstream payments, including by contractors to labourers, go cashless too.
The decision in this regard, sources said, was taken at the Cabinet meeting chaired by Modi yesterday. The Cabinet is also believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post cancellation of the old Rs 500 and Rs 1,000 notes from November 9.
The directive to Government ministries on going cashless is seen as a move to curb corruption and promote ease of doing business.
The food as well as agriculture ministries held meetings to chalk out steps to shift to cashless transactions at the earliest. (AGENCIES)
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