Cash shortage to end by mid-Jan says NITI Aayog CEO Amitabh Kant

Cash shortages following the demonetisation of high value currency notes will end by mid- January, NITI Aayog CEO Amitabh Kant said.

Disruption in the economy was inevitable after this step, taken as India aspires to have become a USD 10 trillion economy, said a statement by industry body Ficci, quoting Kant.

He heads the high-level committee set up the government to identify all possible modes of digital payments across sectors as it pushes on with its drive towards a cashless economy.