Herald: All govt payments to be cashless from Oct 1
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All govt payments to be cashless from Oct 1

31 Jan 2018 06:34am IST

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31 Jan 2018 06:34am IST

Report by
Team Herald

CM to announce details in State Budget; Says digitization helps improve the State economy

PANJIM: In line with the Central government’s ‘Digital India’ initiative, the Goa government announced it would go completely cashless from October 1, this year.

Chief Minister Manohar Parrikar on Tuesday said the digital mode of payment would be introduced for its transactions from April 1 and after September 30, no cash will be accepted in any departments. 

He said that the details would be unveiled in the State budget to be tabled next month. 

“Government of Goa intends to declare that within six months from first April, 2018 we will be 100 percent digitized, that means no government payment will be accepted in cash from October 1, 2018 onwards. Goa will go 100 percent digital by September 30 and it will not accept any payment in cash after that except emergency cash,” Parrikar, who also holds Finance portfolio, said. 

“We have already introduced digitization in a lot of departments,” he stated, addressing State Credit Seminar 2018-19 organised by NABARD. 

“I believe that digitization is the best thing that has happened to this country. Less the cash, less is the corruption and less the cash, less is also the evil. Digitization helps improve the State income and with that comes lesser burden of tax on the citizen,” the Chief Minister said.  

The Chief Minister believes that once the system is made compulsory for payment in government sector, every person will indirectly develop the capability of paying through digital mode. “I myself don’t do any cash transactions,” he said.

Chalking out the idea, Parrikar said the government will require a large number of Point of Sale (PoS) machines. “We have already signed an agreement with State Bank of India to provide 650 PoS,” he said.

“But that may not be adequate. For that I am going to take a step ahead,” he said refusing to divulge the details, claiming that the nitty-gritty would be spelt out in the State budget.

Parrikar said that post-demonetisation, the market is short of excessive cash but over time, it will start building up. “Reserve Bank of India should monitor how much cash is deposited because you can’t withdraw more than Rs two lakh now. So they know that by recovering Rs two lakh each time, the cash starts getting into the cupboards where they are kept with some naphthalene balls,” he said talking about the black money.

“You can make out cash whether it is official or coming from the black money just by smelling it. If you smell naphthalene, you can be sure that this is stocked up cash,” he commented.

Parrikar claimed that such cash has been reduced due to demonetisation but it will built up with the time and steps like digitization will help stop it from building up again.

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