On this first month anniversary of the knock-out blow delivered to two currency notes — Rs 1000 and Rs 500 — it comes to mind that all these lakhs of crores that were unearthed do not seem to have hampered or upset the filthy rich.
The Home Ministry has also asked the states to deploy adequate police so that no potential law and order problem arises across the toll plazas.
The BJP-led Centre in Delhi wants to go cashless after the demonetisation move. Now, the Maharashtra government has given a go-ahead for the paperless functioning of the State Legislature.
By November 27, Modi used the phrase “digital/cashless” thrice as much as “black money” with no mention of “fake currency”.
India may soon not only be moving to cashless economy but might be moving towards card less economy. Digital wallets tied to specific banks or provided by specific merchants too may soon be history.
Prime Minister Narendra Modi appealed that all Indians get familiar and make other familiar with cashless transactions.
A tiny village Dhasai, some 70 km from Thane, and around 140 km from Mumbai, has become Maharashtra's first cashless village. But, unlike Akodara, where mobile banking is the main mode of payments, here it's card payments via EDC machine.
In the US, it was a 20-25 year journey. But that is not an excuse to wait to begin, says Jack Ringquist, global leader, consumer products, Deloitte
At a time when the nation is dealing with demonetisation and subsequent cash crunch, a quiet cashless revolution is unfolding at the BMC, which is aiming to go completely cashless in about 60 days from now.
For most Indians, this pay day is going to be unlike any other. The reason being the cash crunch due to the demonetisation of Rs 500 and Rs 1,000 notes.
It is not for nothing that they say cash is king. As the most liquid instrument of value within the geographical reach of an economy, it has a pride of place that is hard to replace. So it is not surprising that cynics may be raising their eyebrows on Prime Minister Narendra Modi's call for a march to a cashless society – or, in his words, to a "less cash" society – last Sunday.
Nandan Nilekani is in an expert panel constituted by Niti Aayog and the government to take the demonetisation exercise further.
Modi should press with cashless transactions. So long as there’s no strong counter-narrative to his moves, he can keep on experimenting.
The PM's dream of a cashless economy is just an expression of his customary haste to rush through reforms without creating the necessary conditions for it first.
Despite three weeks after the note ban, the cash crunch continues across the country, especially in non-metros, where people are still struggling to find lower denomination notes. ATMs and bank branches are still running dry.
Imagine a place in India where you don’t need cash to buy a packet of salt or other groceries. Welcome to Akodara
Former Jammu and Kashmir Chief Minister Omar Abdullah on Sunday termed as "unrealistic" the idea of a cashless economy as floated by Prime Minister Narendra Modi in his 'Mann Ki Baat' radio address, saying internet connectivity in the state was unreliable.
Addressing the nation through his monthly radio programme show "Mann ki Baat", Modi urged the youth of India to take a pledge to become part of a 'çashless society' for a corruption less, black money-free India
Demonetisation: Black money chase a delusion, political parties may be real targets, says Jean Drèze
According to Drèze, India is still several decades away from being a cashless economy, and the government needs to focus on effective banking services in rural areas to achieve its financial inclusion goal
Govind Rajan, CEO, FreeCharge, dropped by FirstPost to discuss how the demonetisation of Rs 500 and Rs 1,000 notes has impacted the traditional, cash-based transaction system