The government and Reserve Bank of India (RBI) have taken steps to support a less cash-dependent economy and boost digital payment, , cashless transaction, digital economy, nirmala sitharaman, finance ministry, Pankaj Chaudhary
The demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates, she said in a reply to the Lok Sabha.
NEW DELHI, Dec 19: Finance Minister Nirmala Sitharaman on Monday said note in circulation (NiC) has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates, she said in a reply to the Lok Sabha. The quantum of cash or banknotes in the economy depends on the requirement for meeting the demand for banknotes due […]