Economy

Carbon Credit – like system can curb cash usage

Carbon credit-like system can curb cash usage Cash is an expensive cost to India’s economy. A recent report concluded that India spends about Rs 21,000 crore annually in currency operation costs. This includes printing, storing and transporting the cash, as well as the expenses incurred by banks in setting up and maintaining ATMs. Then there … Continued

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For more and more Indians, ‘cashless’ is king

The Hindu Business Line, Mumbai, October 30, 2016 For more and more Indians, ‘cashless’ is king The Center’s initiative to move from a cash-driven economy to a cashless one so as to improve audit trails, plug revenue leakage, and target subsidy transfers to the needy seems to be bearing fruit.Data from the RBI, sourced through … Continued