3 ms·
> It is the same reason why India's government is also trying to ban cash (with very negative results for the economy). The Indian government is not trying to
by unmole 4y ago
> It is the same reason why India's government is also trying to ban cash (with very negative results for the economy).
The Indian government is not trying to ban cash. Demonetization replaced old currency notes with new ones and the total cash in circulation increased after demonetization played out.
In India, only the salaried class fully pays their taxes. Businesses which deal in cash don't and anything that makes tax evasion difficult is a Good Thing⟨™⟩.