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It's not a war on "cash". If it were, govt would not be announcing new notes for 2000, 1000 and 500 INR denominations. Cash and black money are overlapping cir
by nileshtrivedi 10y ago
It's not a war on "cash". If it were, govt would not be announcing new notes for 2000, 1000 and 500 INR denominations.
Cash and black money are overlapping circles. Govt wants to attack only one kind of hoarder (illicit ones) while trying not to inconvenience the other kind (people out of banking system because of poverty/illiteracy). Hence, this tightrope-walk.