The immediate benefit is increased cash flows to corporate India.
The panel also suggested a draft legislation -- Banning of Cryptocurrency & Regulation of Official Digital Currency Bill.
The government has set a target of over 4,000 crore digital transactions in the ongoing financial year.
Electronics and IT Minister Ravi Shankar Prasad gave this information in a written reply to the Rajya Sabha.
FITE has already applied for registration as proposed trade union for IT, ITeS, BPO and KPO industries operating in West Bengal.
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