TMI BlogDigital payments surge from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21X X X X Extracts X X X X X X X X Extracts X X X X ..... Digital payments surge from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21 - News and Press Release Dated:- 9-8-2021 - News - It is the policy of the Government to move towards less cash ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... economy and a digital payment ecosystem. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. Giving more details as pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r weekly statistical supplement of Reserve Bank of India (RBI), the Minister stated that the Notes in Circulation (NIC) were ₹ 17,74,187 crore as on 4 th November, 2016 and ₹ 27,80,045 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rore as on 29 th January, 2021 . On digital payment ecosystem, the Minister stated that the total volumes of digital payments have also increased from 1459.02 crore in FY 2017-18 to 4371.18 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in FY 2020-21 due to sustained efforts towards digitalisation. The Minister further stated that the quantum of bank notes in the economy broadly depends on the requirement for meeting the demand ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for bank notes due to GDP growth, inflation, and replacement of soiled bank notes and growth in non-cash modes of payment. - News - Press release - PIB Tax Management India - taxmanagementindia - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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