Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government

In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Any cash transaction of more than two lakhs should be penalised at 100 per cent, the government has proposed today. In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. The proposal is aimed at curbing black money. NDTV News Desk