Friday, September 14, 2012

Large cash market main driver of corruption: RBI


Mumbai: Stating that the circulation of a large amount of cash in the economy leads to many problems, including corruption, Reserve Bank Deputy Governor H R Khan today said the central bank is focused on bringing  down the cash component in the economy. "We want that we should move towards a less cash society. There is a need for the predominant cash in the society to go down," Khan told reporters at the sidelines of a Punjab & Maharashtra Cooperative (PMC) Bank event here..........

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