Logic of continuing 0.75-percent discount on petrol diesel purchased through credit cards
Union government post-demonetisation of currency on 08.11.2016 to encourage use of cashless transactions had started giving several discounts for promoting use of credit and debit cards which also included 0.75-percent discount on purchase of petrol and diesel through credit or debit cards. Due to inadequate publicity, it is not clear which discounts are still prevailing which also included on on-line payment of insurance premiums.
With all such discounts having since lost relevance after normalisation of currency-position, Union government should not burden exchequer with subsidy-loss through such discounts any more. Instead steps should be taken to ensure banking to be made least expensive including in respect of credit and debit cards. Concept of minimum-balance-charge for bank-accou...









