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Cash comes at a cost, nation moving towards digital economy, says FM

Jaitley said some people have problem in accepting the fact that transactions through the digital mode are going to witness rapid growth

Press Trust of India 

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Ahead of the first anniversary of note ban, said on Monday that excessive cash in the economy has “its own cost” and India is gradually moving towards  

Jaitley said some people have problem in accepting the fact that transactions through the digital mode and banking instruments are going to witness a rapid growth, compared to cash dealings. 

At the inauguration of the new building of head office in the Capital, Jaitley said: “Excessive dependence on cash has its own cost. It is not just cost but there is a curse of cash. It has impact on both society and economy.” 

First Published: Tue, November 07 2017. 01:05 IST
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