Cash-only departments in Gurgaon record decline in revenue
A month after demonetisation of Rs1,000 and Rs500, revenue of departments that do not use cashless transactions recorded a significant decline while departments that adopted digital payments are unaffected.gurgaon Updated: Dec 13, 2016 23:39 IST
A month after demonetisation of Rs1,000 and Rs500, revenue of departments that do not use cashless transactions recorded a significant decline while departments that adopted digital payments are unaffected.
The land deed registration section of the district administration is the most affected. Revenue from stamp duty plummetted by Rs26 crore and the proceeds from registration fee declined by Rs1 crore.
Transactions in the land registration section are entirely cash based. The section does not have a single card swipe machine or facility for online payments. In October, the revenue from stamp duty on land registrations was Rs113 crore and it reduced to Rs87 crore in November. Similarly, revenue from registration fee dropped from Rs2.71 crore in October to Rs1.68 crore in November.
Satish Yadav, district revenue officer, said the land registration section has ordered card swipe machines and the facility for online payments would also start soon.
The regional transport office in which all transactions are cash-based recorded a decline of Rs1.14 crore in revenue from permits. The authority issues more than 4,000 permits every month. In October, the authority’s revenue from permits was Rs1.93 crore and it dropped to Rs7.92 lakh in November. The authority also earns from the registration of vehicles and the revenue in that section too has dipped.
Jitender Kumar, RTA secretary, said the need of online transactions and cashless facilities was not felt earlier. “We have initiated the process for getting card swipe machines, and enabling mobile wallets and online modes of payments,” Kumar said.
Revenue of power distribution company Dakshin Haryana Bijli Vitran Nigam (DHBVN) that accepts cashless payments remained unaffected as people paid bills and late fees online. Naveen Kumar Verma, superintending engineer (operations), Gurgaon, said the discom received more than Rs400 crore as revenue in November of which only Rs50 crore was paid in cash.
“The option of payment through online modes and cheque was already activated. We have also started mobile wallet payment and Rs2.74 crore payment was made through the facility,” Verma said.
The revenue of excise and taxation department has also remained unaffected because of cashless payment options. The department collected about Rs70 crore as licence fees from liquor traders in November. The average monthly revenue from liquor licences is Rs68 crore.
First Published: Dec 13, 2016 23:02 IST