RBI to launch its own online payment system shortlyThe RBI governor has recently announced that the online payments system from the Indian premier bank is about to be launched shortly.
Mr. Raghuram Rajan recently made a statement in this regard. It has been indicated that some tax benefits will be provided to the merchants who opt for the digitalisation of payments. It can safely be assumed that the move will go a long way in promoting digitalisation of transactions. It will also be helpful in avoiding malpractices like evading tax.
What is your take on this venture by RBI? How will it strengthen the Indian economy?
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