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Excess Rs 2.5-3 lakh crore in economy, need for digital push: Govt

Excess Rs 2.5-3 lakh crore in economy, need for digital push: Govt

Tuesday, March 28, 2017, 10:43 PM

As there is excess cash of about Rs 2.5-3 lakh crore floating in the economy, a further push to digital mandate is possible, the government said today citing SBI research. State Bank of India has published 9 research reports on the estimated cash supply by Reserve Bank of India after the demonetisation of old Rs.500 and Rs.2000 notes, announced on November 8, 2016.
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