In yet another controversial and disruptive move -- after demonetisation -- aimed at encouraging digital transactions and create a cashless India, the Centre is likely to ban all cheque books, a decision that could affect the transaction preferences of millions of people in the country, reports India Today.


News agency PTI, in a story dated November 16, has quoted a senior official of a prominent trade body as sayig that the government needs to encourage the use of debit and credit cards.


Confederation of All India Traders secretary general Praveen Khandelwal told PTI, "In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions."


He was talking to reporters at the launch of 'Digital Rath', a joint initiative of the CAIT and Mastercard to encourage traders to adopt different modes of digital transactions and promote cashless economy.