TagIndian kaysh-less economy

The Kaysh-less Economy

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The November 8th announcement of demonetization of Rs 500 and Rs 1000 notes by Prime Minister Modi caught everyone by surprise. That was the intent. It is, however, widely expected that bank accounts, plastic cards and digital money usage will increase dramatically in the next 12 months. In other words, India will be pushed towards a cashless economy. The purpose of this piece however isn’t...