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Demonetisation Live: We Were Prepared, RBI Has Adequate Cash, Says Jaitley

News18.com | December 20, 2016, 3:29 PM IST
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New Delhi: Union Finance minister Arun Jaitley on Tuesday said that Reserve Bank of India was adequately prepared for demonetisation and has enough currency stocks that will last beyond December 30.

Post his pre budget meeting with banks and financial institutions, Jaitley announced tax relief for all e-transactions and expressed his satisfaction on the rise in digital payment post the note ban initiative launched by the government on November 8.
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Demonetisation Live: We Were Prepared, RBI Has Adequate Cash, Says Jaitley
File image of Finance Minister Arun Jaitley with Chief Economic Adviser, Arvind Subramanian. (Image: PTI)

"E-transactions and Aadhar based transactions have increased by almost 300 percent," Jaitley said.

Meanwhile, Banks and ATMs continue to witness serpentine queues since Prime Minister Narendra Modi implemented the demonetisation scheme on November 8.

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