BHIM Payment App, Cashback And Offer
India’s minister of finance, Arun Jaitley created a plethora of announcements whereas delivering the Union Budget 2017. we’ve lined a listing of all major announcements here, however during this post, we would like to go into a bit additional detail into the digital payments and technology connected aspects.
BHIM App Bonus And Cashback Schemes
The FM additionally declared 2 new schemes for BHIM app users. These 2 schemes are going to be applicable for people and merchants severally.
Individuals use the BHIM app are able to build use of a Referral Bonus shortly. you may get a bonus on referring new users to the BHIM app. Specifics of this scheme aren’t best-known yet, however we’ll bring you the main points of the provide as shortly because it is live.
Apart from that, merchants use the BHIM app can shortly be able to relish a Cashback offer. Again, specific details aren’t better-known yet, however we’ll update you as shortly because the provide is live.
Additionally, petrol Pumps, Universities, Colleges, Hospitals and different establishments are inspired to just accept BHIM app payments.
The government conjointly disclosed that the BHIM app has been downloaded three million times since its launch.
No Service Tax On on-line Rail Bookings
During the demonetisation amount, the Central Government had declared that users won’t be charged Service Tax on Railway tickets reserved on-line via IRCTC. At the time, it had been a short lived live. However, it’s currently been implemented as is for good.
BharatNet optical fiber Rollout
Showing the government’s intent to attach the country via net, Mr. Jaitley declared a allocation of Rs. 10,000 crores within the budget. this is often towards the BharatNet Project, that aims to roll out optical fiber to villages and unconnected regions. As of now, optical fiber rollout has been completed up to one,50,000 kilometer within the country underneath the BharatNet Project. the govt. hopes to expand it to over 1,50,000 gram panchayats by the end of 2017-18.
Mobile Phones might Get overpriced
The government additionally declared a Special extra Duty of 22 on PCBs – short for computer circuit Boards. This duty can increase the input prices for firms, which is able to presumably be pushed to the customers. Expect your smartphones to induce overpriced going forward.
Digital Pension System
The government declared a brand new Digital Pension Distribution System to make sure retired defence personnel can access and utilize their funds simply.