After Air India, the Centre now wants the railways to lower transaction charges for online reservation and is also urging banks to cut charges as it seeks to reduce the usage of cash and promote use of plastic money, reports Sidhartha & Surojit Gupta.
Several steps have already been initiated, which were expected to be in place during the coming weeks. Reducing the use of cash has been identified as a key priority of the government as it seeks to put curbs on black money . The Indian Railways is, however, resisting the change as the Indian Railway Catering and Tourism Corporation rakes in nearly `600 crore from card transactions.
Hindustan News 23/08/2016: http://epaper.livehindustan.com/