Demonetisation effect: Here’s how Modi government’s ‘cashless’ pull operative on a ground

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Prime Minister, Narendra Modi’s preference to demonetise Rs 500, Rs 1000 records on 8 Nov is one of a biggest disruptive reforms India has seen in decades. The pierce also invited critique as it resulted in a enlarged money break and strike a economy and ubiquitous public.



Simultaneously, a supervision also instituted a large debate to emanate a cashless economy, citing this as one of a objectives of demonetisation and pierce all exchange underneath taxation scrutiny.

To inspire people change to digital exchange a Modi-government announced a slew of initiatives in early December. This embody discounts on squeeze of fuel and word products by digital modes (Read here). The government’s debate to poke people to pierce towards non-cash exchange have shown some results.

The following list shows how non-cash exchange have increasing post a demonetisation announcement:

cashless exchange tablecashless exchange table

First Published On : Jan 2, 2017 17:34 IST