New Delhi, May 4 (IANS) The Congress here on Saturday said the Narendra Modi-led government’s claim of India increasingly becoming a cashless society after demonetisation has failed and the cash in circulation has increased.

Citing the Reserve Bank of India (RBI) data, Congress leader Kapil Sibal said cash in circulation had increased after the note ban decision and today it was more than Rs 21 lakh crore. In 2014 the cash in circulation was 7.8 lakh crore, in 2018 it increased to Rs 18.5 lakh crore. In 2016, just before demonetisation, it was 17.97 lakh crore, he said.

“Claims that demonetisation will eliminate fake notes and deal a fatal blow to terrorism have turned out to be hollow. The people who had black money quietly converted…

Source link

Fill this form and get best deals on " Coaching classes"

  • 100% genuine institutes aiming to help you ace studies
  • Get immediate response from the institutes
  • Compare institutes and pick only the best!
  • Feel free to choose the institute you like, and rest will be taken care of
GET UPTO 50%    OFF!
Verify Yourself

Log in with your credentials


Forgot your details?

Create Account