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: 73
 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
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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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
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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

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: 74
 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
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
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')) {

                trigger_error($message, E_USER_WARNING);

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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr67ee13653c42c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;
&lt;br /&gt;
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;
&lt;br /&gt;
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;,
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&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;
&lt;br /&gt;
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push..."/>
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                <strong>One year after demonetisation, cash is still king -Roshan Kishore</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br /><br />New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br /><br />In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.<br /><br />As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br /><br />Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br /><br />Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp" title="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee13653c42c-trace').style.display = (document.getElementById('cakeErr67ee13653c42c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ee13653c42c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee13653c42c-code').style.display = (document.getElementById('cakeErr67ee13653c42c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee13653c42c-context').style.display = (document.getElementById('cakeErr67ee13653c42c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ee13653c42c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ee13653c42c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;
&lt;br /&gt;
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;
&lt;br /&gt;
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;&lt;br /&gt;In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;&lt;br /&gt;As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;&lt;br /&gt;Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot; title=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;
&lt;br /&gt;
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push..."/>
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                <strong>One year after demonetisation, cash is still king -Roshan Kishore</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br /><br />New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br /><br />In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.<br /><br />As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br /><br />Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br /><br />Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp" title="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;
&lt;br /&gt;
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;
&lt;br /&gt;
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;&lt;br /&gt;In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;&lt;br /&gt;As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;&lt;br /&gt;Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot; title=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.&lt;br /&gt;&lt;br /&gt;In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.&lt;br /&gt;&lt;br /&gt;As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.&lt;br /&gt;&lt;br /&gt;Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot; title=&quot;http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;amp;utm_source=googleamp&amp;amp;utm_medium=referral&amp;amp;utm_campaign=googleamp&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push..."/>
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                <strong>One year after demonetisation, cash is still king -Roshan Kishore</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br /><br />New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br /><br />In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.<br /><br />As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br /><br />Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br /><br />Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp" title="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br /></div>               </font>
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-Livemint.com<br />
<br />
<em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br />
<br />
New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br />
<br />
In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.<br />
<br />
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br />
<br />
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br />
<br />
Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br />
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New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...',
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<br />
<em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br />
<br />
New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br />
<br />
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<br />
As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br />
<br />
Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br />
<br />
Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br />
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-Livemint.com

Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace

New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace<br /><br />New Delhi: </em>Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.<br /><br />In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then.<br /><br />As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens.<br /><br />Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows.<br /><br />Please <a href="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp" title="http://www.livemint.com/Industry/S0AwBRAYuGbJw0SoXOaUaO/One-year-after-demonetisation-cash-is-still-king.html?facet=amp&amp;utm_source=googleamp&amp;utm_medium=referral&amp;utm_campaign=googleamp">click here</a> to read more. <br /></div>'
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One year after demonetisation, cash is still king -Roshan Kishore

-Livemint.com Cash scarcity led to a spike in digital payments post demonetisation, but the trend reversed as remonetisation picked up pace New Delhi: Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments. In the weeks and months following demonetisation, digital payments (including mobile wallets and mobile banking, credit/debit card transactions, and UPI, or Unified Payments Interface) saw a sharp spike, even as withdrawals from ATMs (automated teller machines) declined. But much of this seems to have been driven purely because of cash shortage. As remonetisation picked up pace this year, digital payments fell even as ATM withdrawals rose. The ratio of digital payments to narrow money (which include the most liquid bank deposits available on demand, apart from currency) has fallen back to pre-demonetisation levels even as the ratio of ATM withdrawals to narrow money has almost reached pre-demonetisation levels. Chart 1 shows the normalized levels of these ratios. The latest available data is as of August 2017. To compare with the past trends, and to check the impact of demonetisation, we have considered the August 2013-16 values and the values in each month since then. As the chart shows, there is very little evidence to suggest any behavioural change because of demonetisation. The spike in digital payments and the decline in ATM withdrawals were both caused by artificial constraints, and do not seem to have had a lasting impact on Indian citizens. Other kinds of electronic payments, such as NEFT/IMPS (National Electronic Fund Transfer/Immediate Payment Service) did not register much change in the post-demonetisation period, as chart 2 shows. Please click here to read more.