Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.

Mumbai: Despite many an effort to shift to digital payments and usher in..."/>
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Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.

Mumbai: Despite many an effort to shift to digital payments and usher in..." />
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    <h1 class="cat-box-title">Less cash economy fails? Currency in circulation zooms 17% in FY19</h1>
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                            <div align="justify">-PTI<br /><br /><em>Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.<br /><br />Mumbai: </em>Despite many an effort to shift to digital payments and usher in a &lsquo;less cash&rsquo; economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its annual report for 2019.<br /><br />The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51% of the value of currency in circulation, says the report released on Thursday.<br /><br />&quot;The value and volume of banknotes in circulation increased by 17 per cent and 6.2 per cent to Rs 21.10 lakh crore and 1,08,759 million pieces, respectively, in FY19,&quot; the report says.<br /><br />It may be noted that one of the objectives of the note-ban of November 8, 2016 rendering as much as 86% of the outstanding bill useless and had a crippling impact on the economy as a whole, was to encourage digital payments and bring down the use of cash.<br /><br />But the public returned back as much as 99.8% of the cancelled notes back into the system, leading many voices to question the rationale for the very exercise itself.<br /><br />The annual report notes a 59% increase in retail electronic payment transactions to 23.3 billion.<br /><br />Please <a href="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M" title="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.<br /><br />Mumbai: </em>Despite many an effort to shift to digital payments and usher in a &lsquo;less cash&rsquo; economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its annual report for 2019.<br /><br />The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51% of the value of currency in circulation, says the report released on Thursday.<br /><br />&quot;The value and volume of banknotes in circulation increased by 17 per cent and 6.2 per cent to Rs 21.10 lakh crore and 1,08,759 million pieces, respectively, in FY19,&quot; the report says.<br /><br />It may be noted that one of the objectives of the note-ban of November 8, 2016 rendering as much as 86% of the outstanding bill useless and had a crippling impact on the economy as a whole, was to encourage digital payments and bring down the use of cash.<br /><br />But the public returned back as much as 99.8% of the cancelled notes back into the system, leading many voices to question the rationale for the very exercise itself.<br /><br />The annual report notes a 59% increase in retail electronic payment transactions to 23.3 billion.<br /><br />Please <a href="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M" title="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M">click here</a> to read more. <br /></div>                                                           
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-PTI

Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.

Mumbai: Despite many an effort to shift to digital payments and usher in..." />
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                            <div align="justify">-PTI<br /><br /><em>Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019.<br /><br />Mumbai: </em>Despite many an effort to shift to digital payments and usher in a &lsquo;less cash&rsquo; economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its annual report for 2019.<br /><br />The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51% of the value of currency in circulation, says the report released on Thursday.<br /><br />&quot;The value and volume of banknotes in circulation increased by 17 per cent and 6.2 per cent to Rs 21.10 lakh crore and 1,08,759 million pieces, respectively, in FY19,&quot; the report says.<br /><br />It may be noted that one of the objectives of the note-ban of November 8, 2016 rendering as much as 86% of the outstanding bill useless and had a crippling impact on the economy as a whole, was to encourage digital payments and bring down the use of cash.<br /><br />But the public returned back as much as 99.8% of the cancelled notes back into the system, leading many voices to question the rationale for the very exercise itself.<br /><br />The annual report notes a 59% increase in retail electronic payment transactions to 23.3 billion.<br /><br />Please <a href="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M" title="https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M">click here</a> to read more. <br /></div>                                                           
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Less cash economy fails? Currency in circulation zooms 17% in FY19

Published on Aug 30, 2019   Modified on Aug 30, 2019

-PTI Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019. Mumbai: Despite many an effort to shift to digital payments and usher in a ‘less cash’ economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its annual report for 2019. The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51% of the value of currency in circulation, says the report released on Thursday. "The value and volume of banknotes in circulation increased by 17 per cent and 6.2 per cent to Rs 21.10 lakh crore and 1,08,759 million pieces, respectively, in FY19," the report says. It may be noted that one of the objectives of the note-ban of November 8, 2016 rendering as much as 86% of the outstanding bill useless and had a crippling impact on the economy as a whole, was to encourage digital payments and bring down the use of cash. But the public returned back as much as 99.8% of the cancelled notes back into the system, leading many voices to question the rationale for the very exercise itself. The annual report notes a 59% increase in retail electronic payment transactions to 23.3 billion. Please click here to read more.

Newsclick.in, 29 August, 2019, https://www.newsclick.in/Less-Cash-Economy-Fails-Currency-Circulation-Zooms-17%25-FY19?fbclid=IwAR2NoQvSGHeL9Xavnc7MjNBWtR9d7-d403raWc00ybnCpluu0Npc5LgvI9M

Tagged with: Electronic Banking Transactions Electronic Transactions Digital Payments Cashless Economy Digital Economy RBI Annual Report Reserve Bank of India Economic Slowdown Economic Downturn

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