Sunday, May 29, 2022 | Last Update : 12:28 PM IST

  India   All India  24 Jan 2017  Tax cash withdrawals above Rs 50,000: CMs panel to Modi

Tax cash withdrawals above Rs 50,000: CMs panel to Modi

ANI
Published : Jan 24, 2017, 9:13 pm IST
Updated : Jan 24, 2017, 9:17 pm IST

The panel urged the government to abolish Merchant Discount Rate, and extend incentives to micro-ATMs.

Prime Minister Narendra Modi. (Photo: AFP)
 Prime Minister Narendra Modi. (Photo: AFP)

New Delhi: A committee on digital payments, led by Andhra Pradesh Chief Minister N Chandrababu Naidu, submitted its interim report to Prime Minister Narendra Modi at Niti Ayog in Delhi on Tuesday.

In a press conference held in New Delhi, Naidu put light on recommendations made by the committee to Prime Minister Modi.

 

The Committee urged the government to abolish Merchant Discount Rate ( MDR).

The committee was also of the opinion that the incentives should be extended to micro ATMs, adding that tax on cash withdrawals should be collected above an amount of Rs 50,000.

The meeting was also attended by Madhya Pradesh CM Shivraj Singh Chouhan, Maharashtra CM Devendra Fadnavis and Sikkim CM Pawan Kumar Chamling.

Tags: chandrababu naidu, cms panel, digital payments, demonetisation, narendra modi
Location: India, Delhi, New Delhi