Petrol,diesel purchase cheaper if bought by card: Jaitley
"The aim of demonetisation is to reduce cash transactions as much as possible," Jaitley said while addressing a press conference here.
He announced that by using cards and e-wallets consumers will get 0.75 percent discount on petrol and diesel purchases.
"Those using cards and e-wallets, petrol and diesel purchases will now attract a 0.75% discount," he said.
"1 Lakh villages with population less than 10,000 to get 2 PoS machines free of cost, supported through financial inclusion fund," he said.
Jaitley said: "Govt. will support RRBs and Cooperative Banks through NABARD to issue 'Rupay Kisan Cards' to 4.32 crore Kisan Credit Card holders."
Announcing further, he said: "Sub-urban railway consumers making digital payment for monthly/season tickets to get discount upto 0.5% from January 1, 2017."
He said: "All railway passengers buying online ticket shall be given free accidental insurance cover of up to Rs. 10 lakh if digital payment is made."
He said Railways will provide a discount of 5 percent for digital payment of paid services offered through its affiliates.
He said: "No service tax will be charged on digital transactions up to Rs. 2000 per transaction."
The Centre on Nov 8 announced banning of old Rs 500 and Rs. 1000 currency notes.
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