How harmful is India's Cashless Society?

The Indian Opposition has slammed Prime Minister Narendra Modi led Central Government for its demonetisation policy which was implemented on November 8, 2016.

Political parties blamed the BJP government for the state of the Indian economy and termed the Centre’s demonetisation policy disastrous as the move completes five years on Monday.

Opposition leaders of different parties took to Twitter to show their displeasure. Congress leader and General Secretary of the Party, Priyanka Gandhi Vadra questioned the government.

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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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