The RBI took up the issue of introducing Rs 200 bank notes at a meeting last month as it sought shore up the availability of lower denomination bank notes after ATM operators reported a shortage.
Using the Reserve Bank data, the research report says that post demonetisation, cash withdrawals have reduced rapidly. From the peak of Rs 528 billion in January 13 weekend it has come down to Rs 325 million in weekend ending March 24.
For a country that loves to use cash despite the recent digital push, the government's move to experiment with plastic Rs 10 banknotes should come as good news.
At the same time, mobile recharge facility with old Rs 500 notes will not be available. However, people can deposit invalid Rs 500 currency in their bank accounts.
The company aims to address an acute pain point in India‘s real estate market by providing cashless solutions.
PM Modi's national campaigns such as Swachh Bharat â€” the logo of which is emblazoned on the new currency â€” are well-orchestrated and have eye-grabbing visual props. That makes the inferiority of the new currency's design an eyesore.
There was a humdrum of excitement at Paytm's office. Many employees were poised to achieving their download and merchant on-boarding targets, well ahead of their schedule, thanks to PM Modi. On LED screens on its office walls, numbers such as transactions, GMV and wallet recharges were going up in green, every few minutes...
With the help of Wallet on Delivery, online shoppers will now be able to make payments with the help of e-wallets at the time of delivery.