Saturday, September 7, 2013

Only 3.6% households go in for cashless dealings: Report

......As almost 96 per cent of all transactions in the country are conducted in cash, the repercussions are felt by individuals, businesses and the government, it added. "In 2009-10, RBI incurred an annual cost of Rs 2,800 crore to just print the currency notes, which was 0.4 per cent of the total currency in circulation. This cost, however, does not include the cost of storage, transportation, security, detection of counterfeits, etc," the report said...........

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