‘Benchmarking India’s Payment Systems’ report
10, Jun 2019
Prelims level : Mains level :
- The report on ‘Benchmarking India’s Payment Systems’ was released by RBI on 4 June 2019.
- The report says India has a strong regulatory system and retail payment systems but more efforts are needed to bring down the volume of the paper clearing.
- The country is ‘strong’ in areas like having necessary laws and cash in circulation per capita.