Second, rising indebtedness could turn out to be a cause for concern in the future. India's position, of course, is not comparable to that of the developed world where household debt as a proportion of disposable income is much higher. Such a scenario creates high uncertainty.
Bills were introduced with a devaluation rate of 1% per month unless holders would buy stamps to extend their nominal value. See Champ, B., 2008. Stamp script: Money people paid to use. Economic Commentary, Federal Reserve Bank of Cleveland, April.