Even government establishments in India like bus/train transport love cash. They do NOT accept any other form of payment (including credit card) when you're bo

Even government establishments in India like bus/train transport love cash. They do NOT accept any other form of payment (including credit card) when you're booking a ticket over the counter. So many people who were traveling were caught by surprise when they were told that the money that they have cannot be accepted. This move is going to hurt the labor class the most. A significant percentage of those don't have bank accounts, and I'm not sure how convenient would it be for them to exchange the illegal currency. A majority of the those having tons of black money already stash it in safe havens abroad. A lot invest it in real estate. The suggested reason for the move is not at all convincing and the method isn't well-thought out either.