Volume : VIII, Issue : IV, April - 2018

A STUDY OF CASHLESS SYSTEM AND CASHLESS SOCIETY: ITS ADVANTAGES AND DISADVANTAGES

Ravi Parmar

Abstract :

Indian economy’s dependence on cash is desirable for a variety of reasons. India has one of the highest cash to gross domestic product ratios in the word, and luicating economic activity with paper has costs. According to a 2014 study by Tufts University, The Cost Of Cash In India, cash operations cost the Reserve Bank of India (RBI) and commercial banks about Rs21,000 crore annually. Also, a shift away from cash will make it more difficult for tax evaders to hide their income, a substantial benefit in a country that is fiscally constrained.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ravi Parmar, A STUDY OF CASHLESS SYSTEM AND CASHLESS SOCIETY: ITS ADVANTAGES AND DISADVANTAGES, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-8 | Issue-4 | April-2018

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