This refers to the article, “Reality check on cashless India” (December 16) by Priyadarshi Dutta. Cashless transactions involving over `50,000 are welcome, but 100 per cent cashless transactions will only add insult to injury. Given that most developed countries, which include the US, are not entirely cashless, it will be foolish if India is aiming to become the world’s first fully cashless country.
Without hurting the poor, the Government should first clean the 95 per cent of black wealth in the form of benami property, gold and foreign bank deposits, both abroad and within the country. Otherwise, the ongoing economic swachch abhiyan will only be reduced to abolishing fake currency, which could have been done in a smoother way.