Money supply

Reserve Bank controls money supply like any other federal bank in any country. Its completely under the jurisdiction of ministry of finance. Its control is very much important for the country to control inflation and create demand in the market to fight against recession if created for any any reason and caused lack in demand in the economy. Another thing is to control unaccounted money and corruption. Less cash transaction means less corruption, even a small boy knows it but our economists do not know. Surprisingly when Modi is exactly doing the same for a digital economy, the wise men are criticizing jut for criticizing without looking at interest of the country and its economy. In India everything is politicised, so the country is still less developed, not developed. 1st time a bold leader is trying to do it and the people and politicians with vested interest are behind him to harm the country and the economy at large. Really a sorry state of affairs in India. But the common people are with Modi Ji. And he is the most popular leader around the world, not only in India. There is no competitor to him any trait of leadership.