The government is examining Special Investigation Team’s (SIT’s) recommendation of banning cash transactions of over Rs. The move follows Supreme Court-appointed SIT on black money recommending banning cash transactions of Rs. It (banning cash transactions over Rs. SIT recommendations are under consideration,” she said on the sidelines of an Assocham event in New Delhi. “All these aspects are part of SIT recommendations to stop use of cash in the economy.

Source: The Hindu August 23, 2016 08:15 UTC