https://www.taxtmi.com/news?id=24336 Policy endorses transition to a less cash economy via a strengthened digital payment ecosystem, with digital payment volumes increasing from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21. Notes in Circulation were Rs. 17,74,187 crore on 4 November 2016 and Rs. 27,80,045 crore on 29 January 2021. The level of bank notes is stated to depend on GDP growth, inflation, replacement of soiled notes, and growth in non-cash payment modes. en-us Mon, 09 Aug 2021 18:54:51 +0530 Mon, 09 Aug 2021 18:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24336 Policy endorses transition to a less cash economy via a strengthened digital payment ecosystem, with digital payment volumes increasing from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21. Notes in Circulation were Rs. 17,74,187 crore on 4 November 2016 and Rs. 27,80,045 crore on 29 January 2021. The level of bank notes is stated to depend on GDP growth, inflation, replacement of soiled notes, and growth in non-cash payment modes. News - Mon, 09 Aug 2021 18:54:51 +0530 https://www.taxtmi.com/news?id=24336