BusinessFrontNewsTop Stories

Finance Ministry says all payments over Rs 5,000 to be done electronically

The Finance Ministry said on Monday that any payments by government departments to suppliers, contractors, grantees and loanees will now have to be made by electronically, in yet another push towards cashless transactions in the country.

The Finance Ministry said, “Any payment above Rs 5,000 to suppliers, contractors, grantee/ loanee institutions, etc by government departments to be made through e-payments.”

The Finance Ministry said it had directed all the ministries and government departments to ensure it is followed.

The government de-legalised the use of Rs 500 and Rs 1000 notes on November 8, in a bid to clampdown on black money and move towards a cashless economy.

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

Related Articles

Back to top button
Close
Close