A Committee of Chief Ministers was constituted under the Chairmanship of the Chief Minister of Andhra Pradesh, Shri Chandrababu Naidu to examine and recommend measures for implementation of digital payment systems. The Committee has submitted an Interim Report to the Government. The media has reported various aspects of the recommendations made by the Committee, including the recommendation relating to levy of Banking Cash Transaction Tax on transactions of ₹ 50,000/- and above. It is informed that the Government has not yet taken any final view on the recommendations of the Committee. The recommendations will be carefully examined and appropriate decisions will be taken in due course.

Banking cash transaction tax recommendation reported; government has not taken a final view and will review the proposals. A committee of Chief Ministers submitted an Interim Report proposing measures to implement digital payment systems, including a recommendation for a Banking Cash Transaction Tax on higher-value cash transactions. The Government has not taken any final decision on these recommendations; the report will be carefully examined and appropriate decisions will be taken in due course.