New Delhi: Union Finance Minister Arun Jaitley today stated that significant amount of cash will be released by the Reserve Bank of India (RBI) to make easy the existing cash crunch.
“Every day, RBI is injecting a large amount of currency. Significant amount will be injected in the next three weeks, which will gradually bring the pressure down,” Jaitley told reporters here. Jaitley said demonetisation has forced “unaccounted” cash operating in the system to return to the banking system.
“Loose cash operating in the system has come back to the banking system, it was unaccounted,” “Digitisation has ability to support a society which has much less cash. The government has started overhauling the system,” he added.