Question

Explain the relevance of cashless transactions in context of India.

Answer 1

Answer:

Impact and Importance of Cashless Transaction in India. ... According to Government of India the cashless policy will increase employment, reduce cash related robbery thereby reducing risk of carrying cash. Cashless policy will also reduce cash related corruption and attract more foreign investors to the country.

Answer 2

Explanation:

1. control of black money

2. corruption free India

3. safety of transactions from theft

4. convenient to pay

5. rise in collections of taxes