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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

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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