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Cash is back:Jolt of currency crunch not enough to digitise India

Millions of small traders who started making and accepting online payments have gone back to cash

Karan Choudhury  |  New Delhi 

Indians love the feel of cold hard cash, demonetisation or not. A blanket ban on old notes, tiresome long queues outside ATMs, fights with bank tellers and other patrons — nothing has managed to come in the way of people and their crisp wads of cash. Going back to old habits, the surge in digital transactions which sustained for a little over two months is fast fading away, as cash is back with a vengeance. Realising soon that making people go cashless was next to impossible, the government changed its rhetoric to “less-cash”, and has since pushed every type of ...


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First Published: Tue, March 14 2017. 13:12 IST