Business Tit-Bits: Demonetization and The Big Jump In Cash
“Five year after demonetisation, the central government’s ostensible aim to wipe out black money and switch over to digital transactions seems to have met with limited success, a national online survey by LocalCircles has revealed. While cash usage has declined, it still dominates in transactions like purchase of property, where earlier too black money dominated. The survey report, based on responses from 36,000 participants across more than 388 districts, including big and small cities.
“Five year after demonetisation, the central government’s ostensible aim to wipe out black money and switch over to digital transactions seems to have met with limited success, a national online survey by LocalCircles has revealed. While cash usage has declined, it still dominates in transactions like purchase of property, where earlier too black money dominated. The survey report, based on responses from 36,000 participants across more than 388 districts, including big and small cities. In this episode of the Business Tit-Bits, our business Editor Mr Akhilesh Bhargava shares his take on the matter.
#Demonetization #PMModi #IndianEconomy #BlackMoney #Cash
