“The framework is designed to strike a balance between the need for an innovative and inclusive system while at the same time ensuring that the regulatory arbitrage is not exploited to the detriment to the customer’s interest,” Rao said at an event organised by industry grouping Assocham.
Govt prioritising lower denomination notes and digital transactions: Sitharaman
Union Finance Minister Nirmala Sitharaman emphasized the government’s focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly