By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NorthBridge TimesNorthBridge Times
  • Auto
    • Bikes
  • Entertainment
    • Bollywood
    • Celebrity
    • Hollywood
  • Events
  • Festival
    • Diwali
    • Holi
  • Sports
    • NBA
    • Basket Ball
    • Cricket
    • Hockey
  • Health
    • COVID-19
  • Technology
Search
© 2022 NorthBridge Times. All Rights Reserved.
Reading: POS Machines, Biometric scanners now Cheaper under Union Budget 2017
Share
Aa
NorthBridge TimesNorthBridge Times
Aa
Search
Follow US
© 2022 NorthBridge Times. All Rights Reserved.




Home – Business

POS Machines, Biometric scanners now Cheaper under Union Budget 2017
BusinessIndia

POS Machines, Biometric scanners now Cheaper under Union Budget 2017

Ankita Sharma
Ankita Sharma Published February 2, 2017
Last updated: 2017/02/02 at 9:36 AM
Share
2 Min Read
SHARE

POS Machines & Biometric Scanners: To provide an easy transition from the cash-based society to the cashless society, the point of sale machines will now be available at a cheaper price. The finance minister Arun Jaitley said that India is building an ecosystem in order to make the country a global hub for the manufacturing of electronics.

POS Machines, Biometric scanners now Cheaper under Union Budget 2017

POS Machines & Biometric Scanners

“To promote cashless transactions I propose to exempt basic custom duties (BCD), excise duties, CVD (countervailing duties), SAD (Special Additional Duties) on miniaturised card readers and mPOS micro ATMs standards for version 1.5.1, finger print readers, scanners and iris scanners”, Arun Jaitley said in his budget speech.

Furthermore, he added – “Simultaneously I propose to exempt parts…components for the manufacturing of such device so as to encourage domestic manufacturing of these items.”

FinMin said that over 250 investment proposals for the manufacturing of electronics have been received in last two years in which the investments have been Rs 1.26 lakh crores. It has been a matter of great achievement for the nation that many “global leaders and mobile manufacturers” have set up their production facilities in India.

“Over 250 investment proposals for electronics manufacturing have been received in the last two years, totalling of Rs 1.26 lakh crores. A number of global leaders and mobile manufacturers have set up production facilities in India. I have, therefore, exponentially increased the allocation for incentive schemes like M-SIPS and EDF to Rs 745 crores in 2017-18. This is an all-time high.”, Arun Jaitley said on Wednesday.

Also Read: Union Budget 2017: Here are the highlights of FinMin’s Budget for this year

You Might Also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

Stock Market: Asian Markets Looking Strong

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

Diwali Sizzle: Top Best Diwali Dresses To Try Out On This Festival Of Lights

TAGGED: Arun Jaitley, Finance Minister of India, union budget 2017, Union Budget 2017-18

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankita Sharma February 2, 2017
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Taurus March Horoscope 2017 Taurus March Horoscope 2017, Find Your Fate 2017!!
Next Article WBCROS Higher Secondary December Result 2016 Announced at www.twbcros.org WBCROS Higher Secondary December Result 2016 Announced at www.twbcros.org
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.




Latest News

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Business Economy November 7, 2022
Stock Market: Asian Markets Looking Strong
Stock Market: Asian Markets Looking Strong
Economy Business November 7, 2022
Home Study Courses
Managing a Small Business: 5 Tips for Long Term Growth
Business May 7, 2022
Medical Supplies Can Protect You When You Work With Radiation
Which marketing techniques are likely to benefit your manufacturing business?
Business February 17, 2022

You Might also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
BusinessEconomy

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

November 7, 2022
Stock Market: Asian Markets Looking Strong
EconomyBusiness

Stock Market: Asian Markets Looking Strong

November 7, 2022
Diwali Sandesh to Soldiers
IndiaFestival

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

October 15, 2022
Diwali Crackers Harmful Effects
FestivalDiwaliIndia

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

October 14, 2022

NBT

We influence 20 million users and is the number one business and technology news network on the planet.

Quick Link

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise With Us
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    
NorthBridge TimesNorthBridge Times
Follow US

© 2015-2022 NorthBridge Times. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?