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India to offer tax benefit to promote cashless economy - Arun Jaitley

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Reuters NEW DELHI
Last Updated : Dec 20 2016 | 2:07 PM IST

NEW DELHI (Reuters) - India will offer tax incentives to small businesses engaged in cashless transactions, Finance Minister Arun Jaitley told reporters on Tuesday.

The move is part of the government's drive to promote a cashless economy, Jaitley said, after the government decided to scrap high-value banknotes last month in a bid to make them worthless for holders of unaccounted wealth.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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First Published: Dec 20 2016 | 2:01 PM IST

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