The scheme has been formulated over concerns of inconvenience caused to the public and to ensure that sufficient cash is available through ATMs, RBI said in a circular.
Rice ATMs will dispense fixed amount of grains, with the govt planning to allow access to these machines through smart card or a biometric system instead of coins.
Months after demonetisation, cash injection efforts still sluggish, experts warn it could affect economy.
New Delhi: More than 18 months after demonetisation, efforts by the...
Reasons for the squeeze range from farm spending to looming elections, but its roots lie in Modi’s 2016 decision to overnight void 86 percent of currency in circulation?
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Ghost of demonetisation returns: Finance minister Arun Jaitley spent all of Tuesday answering why ATMs were still cash-strapped in at least six states,...
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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