NEW DELHI, NOV 26:
India needs to work towards increasing the use of electronic payments and usher in a lesser-cash based society, H.R.Khan, Reserve Bank of India Deputy Governor, has said. Khan, who visited RBI’s stall at the India International Trade Fair here on Monday, rued the limited use of card-based payments at the stalls put up at IITF. There is also not so good acceptance of money through cards by shopkeepers, he added. Khan expressed hope that situation would improve during the next year’s edition of IITF and there would be improved acceptance for card-based payments...........
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