DEMONETIZATION: THE TARGET OF CASHLESS ECONOMY!
The announcement of demonetization and it’s consequences has already troubled both public and government badly and now the goal of Cashless economy is an another challenge for the Indian Government, Few experts say that if this goal doesn’t achieve by the current government in next six months then the step of demonetization will be called a great blunder. The cashless economy is need of the hour as most growing economies in the world whether China or America has a larger number of online transactions than in Cash. There are many benefits of Cashless economy like it’s become difficult to bribe someone, the need of White money will increase resulting in less black money, the banking system will grow, the government will earn more money in the form of direct tax etc. Right now most land deals happen in Cash and that too mostly include black money. If you ever bought a land then you know that it’s impossible to buy a land without black money because of which in current scenario...