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DIPP first govt dept to have cashless transactions

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online tradeWith the implementation of an electronic payment system, the Department of Industrial Policy and Promotion (DIPP) has become the first government department to have 100 percent cashless transcations.

“DIPP emerges as the first Department of GOI (Government of India) to implement the system of 100 per cent receipt and payments in an electronic/cashless manner,” the department informed via twitter.

The move, which is part of the government’s efforts to encourage use of plastic money, would help in improving ease of doing business in the country.

Currently, India is ranked 142nd among 189 nations in the World Bank’s Ease of Doing Business 2015 study.

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