Cashless is a war on the Poor

In the second instalment of video series, Rahul Gandhi on Thursday alleged that Prime Minister Narendra Modi’s push for “cashless economy” was meant to "attack India's informal sector" and turn it into “labour-farmers-small business-less economy”.

“The scary result of the demonetisation move on November 8, 2016, came on August 31, 2020,” Gandhi said in his video explaining how India’s “unorganised sector was devastated by economic moves like demonetization.”

“The hidden agenda of demonetisation, which saw the scrapping of all Rs 500 and Rs 1,000 currency notes, was to clear the ground” by “deliberately harming India’s informal sector which survives on liquid cash” and “passes on the gains to a handful of big corporates,” he claimed.

“Our informal sector works on cash. Small shopkeepers and workers survive on cash. Prime Minister Narendra Modi told the nation that he wants a cashless India. If India goes cashless, small shopkeepers, farmers and workers will be finished,” Gandhi said.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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