Government's digital push: FM outlined 11 incentives for cashless transactions

Government's digital push: FM outlined 11 incentives for cashless transactions After one month of demonetisation of high-value currency notes, Union Finance Minister Arun Jaitley on Thursday announced 11 measures that the centre has taken to expedite the "revolutionary move". Here are the highlights of Finance Minister Arun Jaitley's press briefing: 1) For those using cards and e-wallets, Petrol and Diesel purchases will now attract a 0.75% discount. 2) The government will provide 2 POS or Point of Sale machines for free to each village that has a population of over 8,000. 3) Railways to give 5% discount on catering, retiring room on payment by digital mode 4) All railway passengers who buy tickets online get free accident insurance cover worth Rs 10 lakh 5) Monthly and seasonal tickets for suburban railways to offer 0.5% disc on digital payments 6) Insurance bought online from customer portal of public sector companies will get 8% discount for life & 10% for general insurance 7) 5% discount on digital payment mode for railway facilities like catering, retiring rooms 8) Digital transactions up to Rs 2,000 will be exempted from service tax 9) Highway toll will see 10% discount on digital payments 10) NABARD will give Rupay card to people who have Kisan Credit Card