QR code option may be must for shops toi.in/AkXzyY66/a24gk via @TOIBusiness | This take over of cash by a lobby is suicidal for the economy. #Thread time #CashlessConsumer

The above story starts from 29th @GST_Council meeting where GoM on digital payments discussed incentivising digital payments. The minutes are at gstcouncil.gov.in/sites/default/… …

Start at Page 29.

The incentive is restricted to @NPCI_BHIM and @RuPay_npci cards - casually mentioned in 8.13 as "Government·oflndia owned cards i.e. RuPay (Debit card) and tlle BHIM application"

Plain lies being used to divert sovereign tax to a private company. If this is not scam, what is?

//He added that NPCI could handle the tech issues as they were already monitoring RuPay card transactions and it would also be possible to know technologically as to what tax was paid by the purchaser//

What the What - If this isn't state approved private surveillance, what is?

The council approved pilots in Assam and TN, even as a scam is taking place through full public eye.

The cashbacks won't be applicable @mastercardindia @Visa_IND , more data getting centralized for private profits. But lets just that side and get more cashback. Cashback=Nirvana

The power of centralized payments data granular at transaction level (GSTN) with personally identifiable information (NPCI) will mean we are in police state financially. Never talk of financial freedom, autonomy and keep harping market economic theories senselessly.