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  1. Assam announces 0.75 per cent additional incentive on digital payment for petrol, diesel

Assam announces 0.75 per cent additional incentive on digital payment for petrol, diesel

The BJP government in Assam on Monday announced 0.75 per cent additional incentive on digital payment for petrol, diesel over the one given by the Narendra Modi government.

By: | New Delhi | Published: December 19, 2016 1:30 PM
The BJP government in Assam on Monday announced 0.75 per cent additional incentive on digital payment for petrol, diesel over the one given by the Narendra Modi government. (PTI Photo) The BJP government in Assam on Monday announced 0.75 per cent additional incentive on digital payment for petrol, diesel over the one given by the Narendra Modi government. (PTI Photo)

The BJP government in Assam on Monday announced 0.75 per cent additional incentive on digital payment for petrol, diesel over the one given by the Narendra Modi government. The total incentive is set to be 1.5 per cent in state. Earlier, Assam Chief Minister Sarbananda Sonowal had called upon chartered accountants to educate people on sound financial management in the changing economic scenario of the country. The Chief Minister had said, “Demonetisation is indeed an operation towards making a corruption-free India by cracking down on corruption and hoarding of black money.”

A discount of 0.75 per cent on petrol and diesel was started by the central government on fuel purchases made using digital payment. The cash back which will be credited to the buyer’s account in three days from the transaction, said Indian oil Corp, the nation’s largest fuel retailer. The 0.75 per cent discount on payments made using either credit/debit cards, e-wallets or mobile wallets will translate into a rebate of 49 paisa a litre on petrol and 41 paisa on diesel. Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57. The “discount will be credited to customer’s account by way of cash back within maximum three working days of the transaction,” IOC said in a statement.

Finance Minister Arun Jaitley had announced a raft of measures including discounts on online payments for insurance policies, rail tickets and highway toll charges as the government looked to promote digital cash post demonetisation. “As a part of these initiatives, to promote cashless transactions Government of India has announced to incentivise petrol/diesel customers transacting at PSU petrol pumps by way of 0.75 per cent discount when a customer uses Debit/Credit Cards, Mobile Wallets and Prepaid Loyalty Cards,” the statement said.

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