February 15, 2017

What happened to cashless or digital economy?

Has anyone read any news recently containing the words cashless or digital economy in the title?

Few weeks ago that was all what the media (govt) was talking about.

Go cashless which was later substituted with "use less cash".  Honestly speaking, how can you go cashless when less than 35% of India has reliable internet access?

Promote digital transactions blah blah etc.

Today no one talks about this at all and people are back to using cash as per old habits.

In other words, our monetary habits are back to pre-demonitisation levels. So what has all this demonetisation achieved? 

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