Though use of cash has increased since demonetisation, cleanliness in transaction and a rise in revenues for the govt have been two clear benefits.
The ratio of currency in circulation as a proportion of GDP rises to 14.5% for 2020-21
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
Nomura India Business Resumption Index is near the pre-pandemic level of 100, surpassing the pre-second-wave peak
Electoral bonds have been pitched as an alternative to cash donations made to political parties to bring transparency in political funding.
There seems to be a divided opinion among economists and policymakers
The share of all currency notes except Rs 500, Rs 200 and Rs 20 in the economy dipped in Covid-hit FY21 compared to the previous year
Your investments and money accumulated over the years will be of no use if it cannot come to your rescue when you need it the most
Digital payments and cash complement each other as both clock substantial growth in the pandemic year
Though one hopes that the situation in the country eases with the measures and as more and more people get vaccinated, the situation appears to be gri