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Government Payments Over Rs 5,000 To Be Made Digitally, Directs Finance Ministry
Swarajya Staff
Dec 05, 2016, 04:11 PM | Updated 04:11 PM IST
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Government departments will now use the e-payment mode to make a payment of over Rs 5,000 to suppliers, contractors and others. The Ministry of Finance tweeted:
Any Payment of above Rs.5,000 to Suppliers,contractors,grantee/loanee institutions etc by Govt Departments to be made now through e-Payment.
— Ministry of Finance (@FinMinIndia) December 5, 2016
The ministry has directed all other ministries and departments to start doing the same.
The limit for e-payment earlier was Rs 10,000, which has now been brought down by half, as per the press release.
The ministry said that this step was taken to move towards achieving the “complete digitisation of government payments”.
This decision has been taken in order to attain the goal of complete digitization of Government payments.
— Ministry of Finance (@FinMinIndia) December 5, 2016
In addition, the government has asked its employees to “take the lead” and maximise the use of debit cards “for personal related transactions instead of cash”.
Read the Facebook post released by the Ministry of Finance.
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