Assam govt stops cash payment in majority areas

The Assam government has stopped cash payments in majority sectors as money is being transferred through Real-time gross settlement systems (RTGS) and online mode, Industry Minister Chandra Mohan Patowary today said.
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Nov 29, 2016, 06.12 PM | Source: PTI

Assam govt stops cash payment in majority areas

The Assam government has stopped cash payments in majority sectors as money is being transferred through Real-time gross settlement systems (RTGS) and online mode, Industry Minister Chandra Mohan Patowary today said.

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Assam govt stops cash payment in majority areas

The Assam government has stopped cash payments in majority sectors as money is being transferred through Real-time gross settlement systems (RTGS) and online mode, Industry Minister Chandra Mohan Patowary today said.

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Assam govt stops cash payment in majority areas
The Assam government has stopped cash payments in majority sectors as money is being transferred through Real-time gross settlement systems (RTGS) and online mode, Industry Minister Chandra Mohan Patowary today said.

"No cash payments are being allowed from the public resources flowing through budgetary control with majority payments being done digitally through RTGS and online transfers, while some payments are also being made through cheques," he told reporters here.

He said 70 percent of the public expenditure flowing though the state budget was committed to expenditure like salary and pension, adding that these transactions have been made 100 percent digital with around 4.35 lakh employees drawing their salaries online.

Besides, about two lakh workers directly related to government programmes such as ICDS, MGNREGA are using 100 percent digital methods, the minister said.

Even the payment of wages of muster-roll workers and work-charge employees of the state government are being made through RTGS transfer into their accounts.

Further, about 80 percent of VAT collected in Assam is being received online payment from the dealers, Patowary said.

However, revenue collection of other departments such as transport, excise, forest royalty and others is still continuing through cash, he said.

Besides, a large number of non-government sectors such as tea garden management, unorganised labour market, trading community, retailer sector, private hospitals, private educational institutions are still continuing with cash payments, the minister said.

Patowary said that he had directed all concerned to prepare themselves for "alternative and permanent arrangement" as the currently followed interim arrangement of cash payment through government account in some sectors would not continue beyond December 6 next.

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