
Budget 2023: Currency with public grew least in FY22
Currency with the public has risen by around ₹1.4 lakh crore since demonetisation
Currency with the public has risen by around ₹1.4 lakh crore since demonetisation
By not questioning Centre’s contrarian economic wisdom, RBI’s acquiescence and its own delay of 6 years to decide the writs, the court has failed to bring checks and balances and prevent recurrence.
It was "not relevant" whether the objective of the overnight ban was achieved, the majority judgment says.
Private companies are not going full throttle to expand capacities despite deleveraged balance sheets, higher profitability and a healthy banking system ready to back their ambitions.
Around 44% of respondents in a nationwide survey say property purchases since demonetisation 6 years ago continue to have a cash component.
India has done quite well during the pandemic in terms of navigating income shocks, says an SBI Research report.
Fake notes of ₹2,000 denomination surged 54.6% year-on-year in FY22.
Garg says that while demonetisation achieved some objectives like curbing fake money and terror funding, the government made certain wrong assumptions while doing the exercise.
Cash has grown in prominence despite a very swift rise in digital payments in India over the last few years.
Cash in circulation, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21.