debate on cashless society is a key for corruption free india
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Debate on cashless society is a key for corruption free India:
Positive Aspects of cashless society:
It is a very brave decision to have the implementation of Demonetization in our country by our beloved Prime Minister. For any change to happen first attempting is very important. With the effect of demonetization, many corrupted accounts are visible to the government.
Conversion of the old currency to the new currency, requires the money to be accountable in public or private banks. All over the country, people need not carry cash for many transactions which is the best for usability.
Negative Aspects of cashless society:
Small and medium scale industries and retails will have negative impact of demonetization. Due to usability, people will start making online transactions instead of visiting retail outlets. As every single penny is billable, small businesses will get affected.