Scrapping of Rs500, Rs1,000 notes a boost for cashless economy: Nandan Nilekani5 min read . Updated: 10 Nov 2016, 10:04 AM IST
Nandan Nilekani, one of the brains behind the Unified Payments Interface, on the near-term challenges of going cashless
While the government’s decision to scrap Rs500 and Rs1,000 bank notes has been met with resistance from some quarters and been called too abrupt, Infosys co-founder Nandan Nilekani backed it, saying it was needed to speed up the move to a cashless economy. “There is no question that this is a very bold move—and it’s a defining point in India moving to cashless," Nilekani said over the phone on Wednesday.
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