GOA: FROM OCTOBER 1, NO CASH FOR GOVT TRANSACTIONS

January 30th, 2018 Posted In: business

Team TNV

Panaji (Goa)

 Goa Government will not accept any cash transactions from October 1, 2018, Chief Minister Manohar Parrikar announced today.

“Government intends to declare that within six months from first April, 2018 we will be 100 percent digitalize our self 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 accept emergency cash,” Parrikar said.

“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 in improving the State income and with that comes lesser burden of tax on the citizen,” Chief Minister said. 

Parrikar said that government will require huge number of Point of Sale (PoS) machines and as first step it has signed agreement with State Bank of India to provide 650 PoS.

About Author

Team TNV

The author is a senior Journalist working in Goa for last one and half decade with the experience of covering wide-scale issues ranging from entertainment to politics and defense.

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