Friday 14 April 2017

Reader’s Response: Impact of budget 2017 on the jewellery industry

                                              Remove charges on electronic payments

We all are in process to go for cashless transactions. We are ready to support the government but they are not supporting the industry by reducing service charges on credit and debit card transactions. As we all know for debit card 1 per cent and for credit card 1.8 per cent charges are levied. We demand that these charges should be removed. Just in a small taluka we are paying minimum of 50,000 per month as service charges for card transactions. Trade bodies must take bold steps to represent our demand to the government.

OV Diwalkar
Joint Secretary, Kerala Jewellers
Federation (KJF)

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