Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choice

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Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choice

The Times of IndiaAteesh Tankha, Ganga Narayan Rath1 min readSep 2, 2026, 5:47 PM

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-value transactions. While digital payments offer convenience, they have also led to increased cyber fraud and financial …

When RBI deputy governor S C Murmu recently said that it was difficult to predict the growing demand for currency notes, was he referring to a logistical problem, or bemoaning widespread use of cash?…

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