<h1>India's 2017-18 Budget Pushes for Digital Economy Growth with Cash Transaction Limits and Incentives for Digital Payments.</h1> The 2017-18 budget focuses on boosting India's digital economy by prohibiting cash transactions over Rs. 3 lakh and promoting digital payment systems like the BHIM app and Aadhaar Pay. The government aims for 2,500 crore digital transactions in 2017-18 and plans to introduce new schemes to incentivize digital payments. Measures include tax benefits for non-cash transactions, reduced cash donation limits, and exemptions on digital payment device components. A Payments Regulatory Board will be established within the RBI to oversee these changes. The initiative seeks to formalize the economy, enhance financial inclusion, and stimulate private investment.