New Delhi, Aug 30 (ANI): Union Finance Minister Arun Jaitley on Wednesday addressed the media on RBI’s Annual Report for 2016-17. He said the objective of demonatisation was not confiscation of money. Jaitly further added that India is predominantly high cash economy therefore that scenario requires to be significantly altered. As per the RBI’s report the volume of cash currency has come down by 17 percent, he added.
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