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'Removal of MDR is most welcome step in current budget'
DH Contributor
Last Updated IST
Image for representation
Image for representation

By Ashneer Grover

"Removal of MDR is the most welcome step for me in the current budget - it's a positive demonetization and will help drive the credit growth that India needs. No more tolling in name of payments - everyone has to play the simple credit game now !

As individuals and organisations will have no disincentive to transact digitally under the new norms, the economy will make a swift transition from cash as well."

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The author is CEO and Co-Founder at Bharat Pe.

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(Published 05 July 2019, 19:02 IST)