Rajat Sharma

Much needs to be done for a cashless economy

It is true that the 10-year UPA rule was infamous for a string of big scams, it is also true that the UPA government did not take any step to curb corruption and black money, it is also true that a cashless economy will be beneficial for the nation, but the fact remains that in large parts of our country, villages do not have electricity, what to talk of wi-fi and bandwidth. Until and unless these things are in place, digital payments will not be possible in rural areas. It is good that raids are being carried out in Navi Mumbai, Thane, Guwahati, Faridabad, Gurugram, Churu, Bhopal, Vadodara to seize old and new currency notes, but this also creates suspicion in the minds of bonafide customers queuing in for long hours to get a paltry Rs 2000 from ATMs. One suggestion that has been given is that the new currency notes that have been seized in raids should be put back in circulation, by securing court orders, so that people can get much needed relief.

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