Latest News
-
Trade Setup: Nifty Ends April April Series With Strong Gains; Eyes On Global Cues And Earnings -
Stock Market Live Updates: Market Likely To Open Flat; Nifty To Hold 22,350; Earnings In Focus -
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment
No Cash Payments, Delhi Into E-Payment Route
Payments above Rs 5000 by govt depts to be now made through e-payments, said Finance Ministry.
The Delhi government has asked all its departments to make electronic payments to suppliers, contractors, and institutions if the order value exceeds Rs 5,000.
The Finance Department of the Delhi government has issued an office memorandum deciding to implement the recent order of the Union Finance Ministry in this regard to promote e-payments, reports PTI.
In the memorandum, the department has asked that payments should be made to contractors, suppliers and institutions through Real-Time Gross Settlement Systems (RTGS), National Electronic Funds Transfer (NEFT) and Electronic Clearing Service (ECS).
"It has been decided to implement the instructions (of the Union Finance Ministry)...in the departments, autonomous institutions, public sector undertakings and Corporations of Government of NCT of Delhi.
"Accordingly, all payments to the suppliers, contractors, grantee/loanee institutions etc. above Rs 5,000 may be made through electronic mode i.e RTGS, NEFT and ECS with immediate effect," the Finance Department said in the memorandum.
The city administration's move comes in line with the Centre's decision to promote digitisation of payments following the announcement of demonetisation of 500 and 1,000 rupee notes on November 8.
Earlier this month, the Centre had lowered the threshold for making such payments from Rs 10,000 to Rs 5,000, a move that was aimed at attaining the goal of complete digitisation of government payments. Read Also: Pay Digital And Get Cashback From Dec 25
Goodreturns.in
