Friday, 20 January 2017

A Comment on need to minimize the cash transactions

My Comment on an article "Government may lower limit for quoting PAN number for cash transactions" published in the economictimes.com Dated 19/01/2017.


"My suggestion to PM would be to minimize the cash transaction limit to Rs.20,000 for individuals and Rs.50,000 for businesses. Above those limits should be discouraged by imposing heavy transaction charges, that too in different layers of ascending order. 

If we want a cashless society we should do it more strictly without any leniency.

People should cooperate by switching to modern techniques of making payments even for a small value of articles." 

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