07 july 2019
Cash is no longer the king, as govt looks to give digital payments a royal push
https://lnkd.in/fW5Nqm7
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Levying 2 % TDS on cash withdrawal above rs 1 crore in a year , is ok . Very few persons will get affected and additional revenue for the Govt, will be minuscule !
Even forgetting about the revenue, is this measure likely to give that " ROYAL " push to digital payments ?
To get a BILLION Indians to start using their smart phone to make digital payments, what BHIM needs is to give a VOCAL push , as explained in :
BHIM : the Unstoppable [ 14 april 2017 ]
https://lnkd.in/fNMDzf3
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