Recent Policy Measures for Promoting Digital Payments: In the aftermath of the cancellation of the legal tender character of old Rs. 500 and Rs. 1000 notes, there has been a surge in digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government announced, on December 8, 2016, the package of incentives and measures for promotion of digital and cashless economy in the country as reproduced below:
The Central Government Petroleum PSUs shall give incentive by offering a discount at the rate of 0.75% of the sale price to consumers on purchase of petrol/diesel, if payment is made through digital means.
AEPS stands for which of the following? | |||
Right Option : D | |||
View Explanation |
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