Why cashless is the way to go
One way of reducing corruption and tax avoidance is to go cashless
Bringing back black money and reducing the size of the shadow economy are a key part of the ruling Bharatiya Janata Party’s (BJP) agenda. One way of reducing corruption and tax avoidance is to go cashless. Towards this end, the BJP-led National Democratic Alliance government has suggested tax breaks for consumers and merchants using credit/debit cards, lower transaction fees for electronic payments, making high-value transactions mandatory through electronic means and imposing a levy on cash payments above a certain value.