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of <h1>Chief Ministers' Committee Suggests Banking Cash Transaction Tax for Transactions Over Rs. 50,000; No Final Decision Yet.</h1> A committee of Chief Ministers, led by the Chief Minister of Andhra Pradesh, was formed to propose measures for digital payment systems. The committee submitted an interim report, which includes a suggestion to impose a Banking Cash Transaction Tax on transactions of Rs. 50,000 and above. Despite media reports on these recommendations, the government has not yet made any final decisions. The recommendations will undergo thorough examination before any decisions are made.
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